The world’s first automated teller machine (ATM) was put into service in London, the capital of the United Kingdom, just 50 years ago.
On June 27, 1967, the first drawer in the world entered into service at Enfield in the Barclays Bank of London. The famous British actor Reg Varney withdrew for £ 5 from the world’s first automated teller machine (ATM) in front of the press. The inventor of automated teller machine, Scottish John Stepherd Barron, an employee of the bank, lost his life at the age of 84 in 2010.
One day Barron went to withdraw money, but he could not take the money because he was only a minute late. Then, he decided to make the process of drawing cash easier and designed the first ATM giving a 24-hour service. John Stepherd Barron is also known as a person who finds four-digit passwords which are still used today in banking.
John Stefferd Barron, in an interview with the British publisher BBC in 2007, said, “It has come to be a way to draw money wherever I happen to be in England or in the world. Then I thought about the chocolate machines. I just changed the chocolate money. “He used his exclamations.
A total number of 70,000 automated teller machines (ATM) are now available throughout the United Kingdom. Last year, a total of 176 million bank cards and 180 billion pounds in the country were withdrawn.
Although automated teller machines (ATM) are very ordinary and old models nowadays, the use of the first ATM has greatly contributed to the development of the banking system all over the world. Today, the use of the first ATM lies at the heart of the technological developments experienced in the banking system.