Tuesday, January 04, 2005

ATM inventor gets his kudos

John Shepherd-Barron

Seems that the guy who invented the ATM machine has finally been honoured, at 79 years old. Well, better late then never. An excerpt:

The De La Rue Automatic Cash System took in cheques impregnated with Carbon 14, which were bought in advance from a bank teller, and exchanged them for cash.

Each cheque was chemically coded to identify between customers so money could be taken from the correct bank account.

Mr Shepherd-Barron went on to supervise the installation of the machines in Switzerland, Philadelphia and Japan.

There are now an estimated 800,000 cash machines across the world, and De La Rue still produces about one in every five.

Person using ATM


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