Automated Teller

Machine
(ATM)
What is an Automated Teller Machine?

– better
known as an ATM
– a specialized computer that makes it convenient for
bank account holders to manage their money
 ATM THROUGH THE YEARS
 1960: Luther George Simjian invented an automated deposit machine (accepting
coins, cash, and cheques) called Bankograph although it did not have cash
dispensing features.
 ATM THROUGH THE YEARS
 1967: An automated teller machine has been deployed in London and it’s going to
allow consumers to get cash without anyone having to walk into a branch.
 ATM THROUGH THE YEARS
 1968: The first ATM heist.
 ATM THROUGH THE YEARS
 1969: In the U.S., Dallas-based engineer Donald Wetzel pioneered the development
and deployment of the ATM, with the first being installed at the Chemical Bank
branch in Rockville Center, New York, in September 1969.
 ATM THROUGH THE YEARS
 1970: Engineer James Goodfellow’s patented invention of the personal identification
number (PIN) was granted.
 ATM THROUGH THE YEARS
 1977: Citibank put more than $100 million into the installation of ATMs across New
York City.
 ATM THROUGH THE YEARS
 1977: National Cash Register, a leader in innovative transaction technologies and
computing, launched its first ATM, the NCR model 770.
 ATM THROUGH THE YEARS
 Early 1980s: NCR had launched the 5070 ATM. Developed in Dundee, Scotland. It
achieved global success through new standards of excellence including reliability,
flexibility, customer friendly and increased capability.
 1984: There were 100,000 ATMs installed globally.
 ATM THROUGH THE YEARS
 1989: The world’s first intelligent deposit ATM was installed.
 1992: Functionality such as thermal receipt printers, audio input and signature
capture were becoming common.
 ATM THROUGH THE YEARS
 2011: Barclays introduced the UK’s first contactless mobile cash facility.
 ATM THROUGH THE YEARS
 2012: The Interactive Teller Machine (ITM) was launched. the ITM uses a two-way
video link via a call center to provide face-to-face teller support to ATM customers.
 ATM THROUGH THE YEARS
 2012: Royal Bank of Scotland launched its Get Cash service, allowing customers to
withdraw money from ATMs using a code sent to their mobile phone, eliminating the
need for debit cards.
 ATM THROUGH THE YEARS
 2018: There were more than three million ATMs operational around the world.
 ATM THROUGH THE YEARS
 2019: The number of ATMs offering cardless cash withdrawals increased 26 percent
in 2019, 16 percent in the US alone, while the number of ATMs offering Near Field
Card (NFC) readers rose by 86 percent globally.
 ATM THROUGH THE YEARS
 Today: People can make many more transactions at the ATM
THE 5 W’S AND 1 H ABOUT the
ATM
 THE 5 W’S AND 1 H ABOUT the
ATM

What is ATM?
better known as an ATM
a specialized computer that makes it convenient for bank
account holders to manage their money
 THE 5 W’S AND 1 H ABOUT the
ATM
Who invented the ATM?
 The ATM cash machine was invented by John Shepherd-Barron.
 THE 5 W’S AND 1 H ABOUT the
ATM
When and where was the first ATM made?
 The first machine was made on June 27, 1967.
 Enfield, North London.

Varney using the first ATM

 THE 5 W’S AND 1 H ABOUT the
ATM
Why do we need ATM?
 ATMs are convenient, allowing consumers to perform quick self-service transactions
such as deposits, cash withdrawals, bill payments, and transfers between accounts.
 THE 5 W’S AND 1 H ABOUT the
ATM
How did the first ATM work?
 The Bankograph was an automated envelope deposit machine (accepting coins, cash
and cheques) and did not have cash dispensing features.
 Fun facts about atm
ATM’s are most popular on Friday

ATM’s made banks popular

Gold withdrawal from ATM

Floating ATM
 SOURCES
https://www.ncr.com/blogs/banking/history-atm-innovation

https://corporatefinanceinstitute.com/resources/knowledge/other/automated-teller-machine-atm/

https://www.youtube.com/watch?v=0oqbd4TNIc0

https://en.wikipedia.org/wiki/Automated_teller_machine

http://scihi.org/inventions-luther-george-simjian/

https://m.jagranjosh.com/general-knowledge/interesting-facts-about-atm-1510567767-1?fbclid=I

AR1X8iilKC52fn-eMV1o5UkW7F9VX0Gqdb6f0alA9dw403qEa6LpbySa00c

https://www.optconnect.com/blog-post/the-evolution-of-the-atm