the sector’s first automatic Teller machine (ATM),a technology which introduced transformation in the way in which individuals acquired and used money, on Tuesday clocked 50 years.
As a tribute to the golden anniversary, Barclays remodeled the ATM at its Enfield department into gold, introduced a commemorative plaque and placed a purple carpet in front for its users.
the original ATM was once the brainchild of Scottish inventor Shepherd-Barron, and was commissioned by using Barclays to create six cash dispensers, the first of which was installed at Enfield. English actor Reg Varney, who starred within the British tv comedy convey “On The Buses”, used to be the first particular person to withdraw cash from the brand new computer.
The ATM used to be designed to transform individuals’s ability to regulate their price range with the aid of giving consumers get entry to to cash outside financial institution department opening hours.
regardless of the upward push in different new technologies equivalent to on-line and cell banking, the ATM continues to be well-liked 50 years on. Now there are an estimated three million cash machines across the globe with some 70,000 cash machines within the UK on my own which disbursed a hundred seventy five billion kilos in 2016.
This month additionally marked 30 years because Barclays introduced the debit card to the united kingdom, on June 3 1987.
every other picture of the golden ATM:
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