Jan
22
2011

Who Invented the ATM Machine

The idea of creating a standalone device which would enable people to make financial transactions was first propounded by Luther George Simjian, a Turkish photographer and businessman. He started building basic and not so sophisticated versions of the ATM machine in the late 1930’s and filed for 20 patents related to the devices. However, his efforts were met out with scepticism and the financial institution that did attempt the installation of the teller machine witnessed a poor response and low customer interest.

Much later in the 1960’s John Shepherd-Barron developed and successfully executed the installation of electronic ATMs across England. He is often recognized as the inventor of the ATM machine since it was only around this time that the machines gained acceptance. The first teller machine devised by John Shepherd Barron was seen in the year 1967 in the streets of London. He later presented his invention to a conference of 2,000 US bankers illustrating the highlights of the innovative self-service banking device. There have been numerous improvisations ever since which have resulted in the sophisticated teller machine devices of today.

ATM Machine Who Invented the ATM Machine

Luther Simjian’s idea of the ’hole in the wall machine’ was what kick-started the phenomena of the ATM. However, John Shepherd Barron is widely accepted as the inventor of the ATM machine as he was responsible for implementation of the first commercially successful device.



About the Author:

Sam Reese is a web enthusiasts and blogger. He is a history student and loves to write and read histories of different things.

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