The world's first ATM was installed in New York at the Chemical Bank at 10 N. Village Avenue.
The first ATM was not connected by computers and withdraws were not updated in real time so it's use was limited to credit card holders only.
It was not until 1971 till the first full service ATM that allowed withdraws, deposits and transfers came into being.
Finally, John Shepherd-Barron's ATM was installed in the London branch of Barclays Bank in 1967. His ATM took checks impregnated with Carbon 14 which were pre-bought from a bank teller to be used in the ATM.
Tuesday, November 10, 2009
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