Automated teller machines have come a long way since Barclays rolled out the world’s first ATM at a branch in north London 50 years ago. Here’s a look at some of the milestone moments and key innovations in ATM technology over the past five decades.
June 27, 1967 - Barclay's Branch made first debut ATMs in North London.
Sep 2, 1969 - Chemical Bank installed first ATM in US, Newyork.
The machine was known as a Docuteller because it was manufactured by the firm Docutel and like most early, it was limited only to customer of the Chemical Bank.
Shared ATMs only introduced after a decade.
1980 - NCR, has introduced first DRIVE ATMs.
1988 - Pittsburgh based equibank was the first bank to offer stamps through ATMs
1999 - Sanfranscisco introduced first Talk ATMs
Video ATMs - ITs Hybrid ATMs between ATMs and a traditional bank experience, where customer might have a face to face conversation with banker. Bank of AMERICA and citizens bank has introduced these ATMs.
2017 - Cardless ATMs has been introduced by Wells Fargo. It allows customer has to withdraw cash only with their smart phones. Customer receive a one time code on their phone, which they enter into ATM, along with their PIN.
BITCOIN ATMs - These ATMs are NOT part of banking System. But they allow people to convert it into Digital Currency and vice-versa. These machines are introduced in US.
Sep 2, 1969 - Chemical Bank installed first ATM in US, Newyork.
The machine was known as a Docuteller because it was manufactured by the firm Docutel and like most early, it was limited only to customer of the Chemical Bank.
Shared ATMs only introduced after a decade.
1980 - NCR, has introduced first DRIVE ATMs.
1988 - Pittsburgh based equibank was the first bank to offer stamps through ATMs
1999 - Sanfranscisco introduced first Talk ATMs
Video ATMs - ITs Hybrid ATMs between ATMs and a traditional bank experience, where customer might have a face to face conversation with banker. Bank of AMERICA and citizens bank has introduced these ATMs.
2017 - Cardless ATMs has been introduced by Wells Fargo. It allows customer has to withdraw cash only with their smart phones. Customer receive a one time code on their phone, which they enter into ATM, along with their PIN.
BITCOIN ATMs - These ATMs are NOT part of banking System. But they allow people to convert it into Digital Currency and vice-versa. These machines are introduced in US.
2 comments:
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types of atm
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