The man who invented world`s first ATM dies

Last Updated: Thursday, May 20, 2010 - 13:00

London: John Shepherd-Barron, who invented the world`s first automatic cash dispensing machine, better known as ATM, is dead.

He had come up with the idea after wondering why banks couldn`t operate a system like a chocolate-vending machine.

John had also thought of the four-digit Pin number.

He died in a hospital in Inverness on Saturday after a short illness, Daily Express reported on Thursday. He was 84.

John had reached his bank a little late and then thought as why there could not be a system to get cash on the lines of the chocolate-vending machines.

The first product was installed at Barclays Enfield branch in London on June 27, 1967.

He then realised that he could still remember his six-figure Army number, and decided to test his wife Caroline`s memory. But, she could only recall four digits, so that became the world standard for pin number.

IANS



First Published: Thursday, May 20, 2010 - 13:00

More from zeenews

 
comments powered by Disqus