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Customers were given personal code numbers to activate the machines, similar to the modern PIN. They were also supplied with £10 vouchers. These were fed into the machine, and the corresponding amount debited from the customer's account. A Chubb-made ATM appeared in Sydney in 1969. This was the first ATM installed in Australia.
John Adrian Shepherd-Barron was born on 23 June 1925 in Shillong (now Meghalaya), India, to British parents.His Scottish father, Wilfred Shepherd-Barron, was chief engineer of the Chittagong Port Commissioners in North Bengal, which was then part of the British Empire, then later Chief Engineer of the Port of London Authority, before becoming president of the Institution of Civil Engineers ...
Commonly known as an ATM today, automated banking machines had a few different names decades ago
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Customers were given personal code numbers to activate the machines, similar to the modern PIN. They were also supplied with £10 vouchers. These were fed into the machine, and the corresponding amount debited from the customer's account. A Chubb-made ATM appeared in Sydney in 1969. This was the first ATM installed in Australia.
James Goodfellow (born 1937) is a Scottish inventor.In 1966, he patented personal identification number (PIN) technology and an automated teller machine (ATM). [1] [2] He is generally considered the inventor of the modern ATM.
Simjian invented what has been described as a precursor of the automated teller machine (ATM). [3] [25] For this, Simjian is often considered the inventor of the ATM [26] [b] or that he first introduced the concept.
In the 1960s, the first automated teller machines (ATM) or cash machines were developed and first machines started to appear by the end of the decade. [204] Banks started to become heavy investors in computer technology to automate much of the manual processing, which began a shift by banks from large clerical staffs to new automated systems.