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Started By
Message
The ATM is 50 years old today
Posted on 6/27/17 at 8:53 pm
Posted on 6/27/17 at 8:53 pm
I did not realize that the ATM debuted in London way back in 1967.
I had thought the ATM was a much more later invention, like late 70's or even early 80's.
LINK
I had thought the ATM was a much more later invention, like late 70's or even early 80's.
LINK
quote:
It’s the golden anniversary of the ATM. On June 27, 1967, a Barclays Bank branch in London unveiled the world’s first automated teller machine. It solved a common problem: In much of the world, cash could be obtained only when a bank was open, typically weekdays between about 10 a.m. and 3 p.m., known as “bankers’ hours.” The limited schedule often meant long lines. And it could be difficult, if not impossible, to obtain money from a bank other than your own. The engineer often identified as having developed the first ATM, John Shepherd-Barron, said that his “aha” moment was a byproduct of arriving at his bank one minute after it closed. “That night I started thinking that there must be a better way to get cash when I wanted it,” he told the BBC in 2007. “I thought of the chocolate vending machine, where money was put in a slot and a bar dispatched. Surely money could be dispensed in the same way.” The first ATM had limited functionality; it neither accepted deposits nor dispensed more than £10 (then worth $28) at a time. Still, ATMs quickly gained popularity. They were convenient and thus contributed to customer loyalty, and they helped reduce bank operating costs. In 1969 the ATM crossed the Atlantic. A Chemical Bank branch in Rockville Centre, N.Y., announced in a newspaper advertisement: “On Sept. 2 our bank will open at 9:00 and never close again.” By 2015 there were 3.2 million ATMs world-wide, and they’re found on all seven continents, including Antarctica.
Posted on 6/27/17 at 8:54 pm to East Coast Band
A few moments later they invented the $2 ATM fee.
Posted on 6/27/17 at 8:56 pm to East Coast Band
I feel young!
Posted on 6/27/17 at 8:59 pm to East Coast Band
Thought this thread was about arse to mouth
Son I am disappoint
Son I am disappoint
Posted on 6/27/17 at 8:59 pm to East Coast Band
quote:
By 2015 there were 3.2 million ATMs world-wide,
That seems like a low number
Posted on 6/27/17 at 9:04 pm to East Coast Band
arse to Mouth? Figured that had been around longer. I guess you learn something new every day.
Posted on 6/27/17 at 9:17 pm to East Coast Band
Old people's money
Posted on 6/27/17 at 10:35 pm to East Coast Band
In N. London by an old white guy? Many are guilty of cultural appropriation.
Posted on 6/27/17 at 10:37 pm to East Coast Band
One of my buddie's father invented the credit card on a Coke machine In a pizzeria on a napkin in 1996. No shite.
Pretty cool device a lot of people take for granted, that he makes millions off.
Pretty cool device a lot of people take for granted, that he makes millions off.
Posted on 6/27/17 at 10:39 pm to East Coast Band
Anyone remember when they were called "mini-banks"??
Posted on 6/27/17 at 10:47 pm to East Coast Band
ATM has been around a lot longer than that.
Posted on 6/27/17 at 10:48 pm to East Coast Band
Be careful SuperSaint tried this earlier and it got anchored
Posted on 6/27/17 at 10:49 pm to East Coast Band
about once each year, I go into a bank for one thing or another...each time, I am reminded just what a wonderful machine an ATM is.
Posted on 6/27/17 at 10:55 pm to East Coast Band
I still want to know why there is Braille on drive up ATMs. That scares me
Posted on 6/27/17 at 10:56 pm to East Coast Band
Pretty sure the ATM was invented about 5 seconds after anal.
Posted on 6/27/17 at 10:59 pm to East Coast Band
I went ATM with your mom
Posted on 6/27/17 at 11:16 pm to East Coast Band
Largest manufacturer/distributor of ATM's in the world is in Long Beach, MS.
Posted on 6/27/17 at 11:38 pm to East Coast Band
Anyone remember the standard beeeping sound the old atms would make when pushing buttons back in the 70's/early 80's ?
The LSU union ATM section would sound like a bunch of run away robots during busy times.
The LSU union ATM section would sound like a bunch of run away robots during busy times.
Posted on 6/28/17 at 1:19 am to East Coast Band
Fun fact about the ATM in the US
quote:
Donald C. Wetzel (born ca. 1929) is an American engineer known for holding the USA patent to the automatic teller machine.[1] Born in New Orleans, Louisiana he graduated from Jesuit High School (New Orleans) (1947) and got a B.Sc. in foreign trade from Loyola University New Orleans (1951).[2]
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