Almost 50 years have already passed since the first ATM was installed at Barclays Bank’s Enfield branch in London, on June 17, 1967. This machine – then known as “automated Electronic device that, primarily dispenses cash after identification of the user, using a payment card or another device such as a mobile phone or biometric identification. See ATM. More” – was invented by John Shepherd-Barron and his team at De La Rue Instrument Ltd, a subsidiary of the well-known UK A banknote (or ‘bill’ as it is often referred to in the US) is a type of negotiable promissory note, issued by a bank or other licensed authority, payable to the bearer on demand. More manufacturer at a time when people did not even know they needed it.
This innovation marked a significant turning-point in banking, allowing people to access their finances 24/7, a service that has been increasingly developed in other sectors over the last decades. Today, over 3 million ATMs are installed worldwide.
The ATM Industry Association (ATMIA) decided to mark the occasion by organizing a range of activities over the coming months, starting with the launch of the official international industry logo celebrating the jubilee a few days ago.
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