The Automatic Teller
Machine has long history from 1936 A.D. since Luther
George Simjian, an American-Turkish Inventor built
the first ATM in the world till Don Wetzel, the
Father of Modern ATM, until now the ATM has its
partway and future. This site contains the research
and white paper regarding the ATM in technology
and future trend. |
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History
of ATM |
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The world’s first ATM was installed
in Enfield Town in the London Borough of Enfield,
London on June 27, 1967 by Barclays Bank. This instance
of the invention is credited to John Shepherd-Barron,
although George Simjian registered patents in New
York, USA in the 1930s and Don Wetzel and two other
engineers from Docutel registered a patent on June
4, 1973. In modern ATMs, customers authenticate
themselves by using a plastic card with a magnetic
stripe, which encodes the customer’s account
number, and by entering a numeric passcode called
a PIN (personal identification number), which
in some cases may be changed using the machine.
Typically, if the number is entered incorrectly
several times in a row, most ATMs will retain
the card as a security precaution to prevent an
unauthorized user from working out the PIN by
pure guesswork. Earliest versions accepted a single-use
token or voucher, and the lastest ATMs read and
store customer data on a smartcard.
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