2006-09-30 20:33:01 · 9 answers · asked by Anonymous in Education & Reference ➔ Other - Education
Adam T. Madison
2006-09-30 20:34:56 · answer #1 · answered by learningnewthings 4 · 0⤊ 0⤋
A mechanical cash dispenser, arguably an ATM, was developed and built by Luther George Simjian and installed 1939 in New York by the City Bank of New York, but removed after 6 months due to the lack of customer acceptance.
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 on June 27, 1967 by Barclays Bank. The first person to use the machine was Reg Varney of "On the Buses" fame, a British Television programme from the 1960s.This instance of the invention is credited to John Shepherd-Barron, although Luther George Simjian registered patents in New York, USA in the 1930s and Donald Wetzel and two other engineers from Docutel registered a patent on June 4, 1973. Shepherd-Barron was awarded an OBE in the 2005 New Year's Honours List.
The idea of a personal identification number (PIN) stored on a physical card being compared with the PIN entered when retrieving the money was developed by the British engineer James Goodfellow in 1965, who also holds international patents regarding this technology.
2006-10-03 10:47:29 · answer #2 · answered by Anonymous · 0⤊ 0⤋
"ATM (automated teller machine or automatic teller machine) was developed and built by Luther George Simjian and installed 1939 in New York by the City Bank of New York, but removed after 6 months due to the lack of customer acceptance.
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 on June 27, 1967 by Barclays Bank. The first person to use the machine was Reg Varney of "On the Buses" fame, a British Television programme from the 1960s."
2006-10-01 03:39:29 · answer #3 · answered by ady m 1 · 0⤊ 0⤋
Software company invented the ATM technolovy but in indai Vijay Bank is the first bank which introduced ATM
2006-10-01 03:45:56 · answer #4 · answered by Raaj4sneha 1 · 0⤊ 0⤋
Neera, clearly you should define the question better. ATM has multiple meanings. Here are a couple of them:
1. Automated Teller Machine
2. Asynchronous Transfer Mode (a term from computer networking technology)
2006-10-01 03:38:05 · answer #5 · answered by DadOnline 6 · 0⤊ 0⤋
It was a Scottish bloke but I forgot his name. He worked for a company De La Rue, but he never patented it so his company took all the benefits for the machine.
2006-10-01 03:35:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Alberto The Mexican
2006-10-01 03:34:38 · answer #7 · answered by Anonymous · 0⤊ 1⤋
The bank..
2006-10-01 03:36:01 · answer #8 · answered by ? 5 · 0⤊ 0⤋
NCR?
2006-10-01 03:43:13 · answer #9 · answered by Catwoman 1 · 0⤊ 0⤋