Stay tuned with CashEssentials news ! - beyond payments
By subscribing, you accept our Privacy Policy.

ATM community to celebrate its 50th anniversary

Categories : Cash is universal
July 28, 2016
Tags : ATMs, Automation, Banknotes, Technology
ATM Industry Association will celebrate the 50th anniversary of the first ATM in 2017. Several activities are prepared in the meanwhile, starting with the lauch of the official jubilee logo.
Communication Team / Equipo de Comunicación

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 cash dispenser” – was invented by John Shepherd-Barron and his team at De La Rue Instrument Ltd, a subsidiary of the well-known UK banknote 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. 

To read the original article, click here.