Today , we think nothing of walking out of our home on a Friday Nox without a penny in our air pocket . The reason is that there is a web of ATM around the ball : In the UK and U.S. alone , there arearound 150 ATMs per 100,000 mass — plenty to go around . According toanalysts RBR , 2.25 million machines deal out Johnny Cash automatically at the end of 2010 , and that ’s gestate to uprise beyond 3 million by 2016 .
But although we use them without a 2d thought , precious few of us know how they came to sit on our in high spirits streets and in the rampart of our banking company .
Luther George Simjan’s Bankograph
City Bank of New York instal a political machine called a Bankograph in 1961 . This was n’t an ATM as we bonk it , though : rather than dispensing John Cash , it dissemble as an automated elbow room to stick cash and checks . One thing that it did share with the machines we employ today was its general look and design .
Transported back to the early 1960s for the six month the Bankograph was usable ( it was removed after it proved unpopular to invoice holders , probably because it was raw and young ) , a modern - Clarence Shepard Day Jr. somebody would likely be able-bodied to realise it as something exchangeable to today ’s asynchronous transfer mode . blockish and boxy , it cemented the design standards for party that would follow .
John Shepherd-Barron’s chocolate dispenser
According toJohn Shepherd - Barron , the ground we have asynchronous transfer mode is his love of cocoa and him lam late one Saturday . Hemanaged to missthe noonday ending time of his local banking concern on a Saturday in 1965 , stand for he could n’t take out any hard cash for the weekend . He got thinking that John Cash ought to be as well-fixed to get as drinking chocolate bars from a dispensing machine .
Shepherd - Barron ’s breathing in strike in the bath , where he was relaxing after a long twenty-four hour period work forDe La Rue , a planetary currentness printing machine . change out chocolate bars for cash , the laborer take his idea to his bosses , who in bit stage them to Barclays Bank . The company was neat , and on June 27 , 1967 , the Enfield High Street branch of Barclays began dispensing hard cash , £ 10 at a sentence . Users stick in a single - use composition verifier ( which would be mailed back to the customer to forbid fraud ) and identify in a four - digit code that we eff now as a PIN , and they were given their money .
Meanwhile, in Sweden…
Nine day after Barclays reveal their Enfield hard cash machine , Nixdorf , a Swedish camber , installed their first ATM dispensing kronor . They called their simple machine the Bankomat , a name which lives on in many European languages ( including the Italianbancomat ) as the term for ATMs .
From that point on there was a flurry of machine debut : Westminster Bank in the UK appropriate their customers to use their own - branded cash machine in 1968 . Around the same metre Nipponese savers could swallow yen from their own motorcar , and a class after the first US - base machines came to market in Rockville Centre , Long Island , New York . Chemical Bank , the owners of the fresh automate teller motorcar , declared that “ our coin bank will open at 9:00 and never fold again . ”
Networked ATMs
Attaching ATMs to an internet connection became paramount to enable bank balances to update mechanically and dynamically . The added complication of this caused the grocery to narrow reasonably in the coming decennium , with two company , Diebold and NCR , becoming the front runners and providing most of the machines used . They were replaced by other , nimbler manufacturer with well - look and do machines , and today standard atmosphere are everywhere , always on , and constantly being used .
There are political machine on U.S. Navy frigate and at the distant McMurdo research center at the tip of Ross Island in the Antarctic . fry can buy toy dog versions of ATM to play with , and though we often bank online through our World Wide Web browsers , there ’s still a need , early on a Sunday morning or late on a Friday night , for the beam expansion slot of the ATM .
