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Q.

Who n when invented ATMs

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Asked by ad bb, 05 Jan '08 11:57 am
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Answers (1)

1.

A mechanical cash dispenser was developed and built by Luther George Simjian and installed 1939 in New York City by the City Bank of New York, but removed after 6 months due to the lack of customer acceptance.[1]

Thereafter, the history of ATMs paused for over 25 years, until De La Rue developed the first electronic ATM, which was installed first in Enfield Town in North London[2] on 27 June 1967 by Barclays Bank.[3]. This instance of the invention is credited to John Shepherd-Barron, although various other engineers were awarded patents for related technologies at the time.[4] Shepherd-Barron was awarded an OBE in the 2005 New Year's Honours List.[5] The first person to use the machine was Reg Varney of "On the Buses" fame, a British Television programme from the 1960s.[6] The first ATMs accepted only a single-use token or voucher, which was retained by the machine. These worked on various principles including radiation and low-coercivity magnetism that was wiped by the card rea ...more
Answered by anupama kumar, 05 Jan '08 12:00 pm

 
  
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