Automated teller machine (ATM)
Cajero automático
- Date
- 1967 · confidence high
- Place
- Barclays, Enfield, London, United Kingdom
- Credited to
- John Shepherd-Barron (De La Rue, Barclays, 27 June 1967); James Goodfellow (PIN, 1966); Don Wetzel (Docutel, United States, 1969)
- People
- 👤 Donald Wetzel👤 John Shepherd-Barron1925–2010👤 Luther George Simjian1905–1997
- Field
- Tools
⚠️ Disputed: the sources disagree.
What it is
A machine that dispenses cash at any hour after identification with a card and a secret number. It took banking operations out of the branch and beyond office hours.
Priority is disputed between Shepherd-Barron, Goodfellow (PIN and coded card) and Luther Simjian (Bankograph, 1960).
What it led to
- 24-hour banking and the reduction of branches and staff
- The PIN as universal authentication
- Online and mobile banking as successors
Built on
Made possible
- electronic banking
- PIN
- point-of-sale terminal