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History of the Automated Teller Machine

John Shepherd-Barron is considered the inventor of the modern ATM, having installed the first one in 1967 for a Barclays Bank in London. The document discusses the history of the ATM, from early prototypes in the 1930s to its widespread use today. It also lists benefits of ATMs like increased brand presence and customer reach for banks, and reasons why financial institutions often outsource ATM management like maintenance and cash handling.

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bistamaster
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176 views5 pages

History of the Automated Teller Machine

John Shepherd-Barron is considered the inventor of the modern ATM, having installed the first one in 1967 for a Barclays Bank in London. The document discusses the history of the ATM, from early prototypes in the 1930s to its widespread use today. It also lists benefits of ATMs like increased brand presence and customer reach for banks, and reasons why financial institutions often outsource ATM management like maintenance and cash handling.

Uploaded by

bistamaster
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

AUTOMATIC TELLER

MACHINE
A Study On Growth in Number
Of ATMs
“Lives Made Much
Easier”
History Luther Simjian vs John Shepherd-Barron vs Don
Wetzel

 In 1939, Luther Simjian patented an


early and not-so-successful prototype of
an ATM.
 James Goodfellow of Scotland holds the
earliest patent date of 1966 for a
modern ATM
 John D White (also of Docutel) in the
US is often credited with inventing the
first free-standing ATM design.
 In 1967, John Shepherd-Barron
invented and installed an ATM in a
Barclays Bank in London.
 Don Wetzel invented an American
made ATM in 1968.
The Benefits of ATM

 Increased Brand Presence


 Economical Customer Reach
 Your Own, Personal Billboard
 Secure Servicing
Reasons to Outsource ATM Management for Financial
Institutions
•Maintenance
•Network management
•Cash management

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