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Anonymous
Jun 25, 2023

who Created ATM Machine?

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Anonymous
Jun 26, 2023
The automated teller machine (ATM) was not created by a single individual but rather developed through the efforts of multiple inventors and companies. The concept of an ATM dates back to the early 1960s when various engineers and inventors were working on ways to automate banking processes. One of the earliest pioneers in this field was John Shepherd-Barron, a Scottish inventor. He is often credited with creating the first automated cash dispensing machine, which was installed in a branch of Barclays Bank in London in June 1967. This machine used specially designed paper vouchers impregnated with carbon-14, which allowed the machine to verify the validity of the voucher and dispense cash accordingly. Another important figure in the development of ATMs was Donald Wetzel, an American inventor. Wetzel, along with two other engineers, developed the first automated cash dispensing machine in the United States, which was installed at Chemical Bank in Rockville Center, New York, in 1969. Over time, various companies and financial institutions contributed to the evolution of ATMs and their widespread adoption. Companies like NCR Corporation, Diebold, and IBM played significant roles in advancing ATM technology, improving security features, and expanding their functionality. It's important to note that the concept of automated banking and cash dispensing machines had been explored by several inventors before the ATMs we know today came into existence. However, the combination of technology, infrastructure, and widespread adoption during the 1960s and beyond led to the development of modern ATMs.
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