The History of the ATM

ATM A History of the atm marketplace presented by: 1962, New York May 2, 1966, Great Britain BANKOGRAPH PERSONAL The first attempt at mechanical banking technology was an automated cash deposit machine developed by Luther George Simjian. IDENTIFICATION July 1966, Japan NUMBER (PIN) THE FIRST Patented by James Goodfellow who earned only $15 from the patent. OPERATIONAL CASH DISPENSING MACHINE June 1967, Great Britain DE LA RUE AUTOMATIC CASH SYSTEM (DACS) Advertised as "Barclaycash" and dubbed the "robot cashier," customers input a radioactive Carbon-14 paper voucher and received dispensed cash from their account. BANKOMAT July 1967, Sweden Automated cash dispensing machine used an optical device to read an encoded serial number on a plastic card to withdraw from an account. BANKOMAT July 1967, Great Britain 1969, USA TOTAL TELLER CHUBB MD2 SYSTEM ReadyTeller Automated cash dispenser used a plastic card with perforated holes and read a PIIN for the first time. The first system similar to the magnetic-card ATMS we see today. Had 11 transaction options! Advertisement for the NCR 770, circa 1975. 1984, Scotland 1975, USA NCR 5070 THE IBM 3614/3624 Considered the first full-function machine that offered transfers, Set the standard for online ATMS. payments, printing of detailed statements and envelope deposits. ATM 1994, USA TRITON 9500 An affordable low-end automatic cash dispenser installed in a convenience store. The birth of independently owned (non-bank owned) ATMS. Cırrus PLUS The two largest networks, Cirrus and Plus, began charging fees after a successful legal challenge to a surcharge ban. 1996, USA CIRRUS & PLUS 1998, USA FIRST WIRELESS ATM 1997, Canada Deployed on a riverboat casino. FIRST WEB ATM Displaying targeted messages to specific customer profiles. 2010, Poland FIRST BIOMETRIC ATM First ATM Deployments by Region Russia Norway Finland Iceland Denmark Sweden Switzerland Canada United Kingdom Ireland Poland Ukraine Belarus Netherlands Germany France Republic of Korea Austria Italy Cyprus Greece Turkey Afghanistan Iraq Kazakhstan USA Spain Portugal Japan China Vietnam Hong Kong Jamaica Honduras Virgin Islands pominican Püerto Rico Republic Venezula Guyana Mexico Egypt Iran Lebanon Pakistan Malaysia Nicaragua Guatemala Laos India Singapore Philippines Thailand Costa Rica El Salvador Colombia Ecuador Peru Ghana Nigeria Kenya Tanzania 1960's 1970's 1980's 1990's 2000's Indonesia Brazil Australia Chile Bolivia Argentina South Africa New Zealand Uruguay The Demand for Cash and ATMS Continues to Grow 4 NUMBER OF ATMS 2009-2017 Europe's Cash Demand 7 Value of Cash in Circulation in thousands of euros 3 4 YEAR '09 '10 '11 '12 '13 '14 '15 '16 '17 Global ATM Market and Forecasts to 2017 (RBR) GROWTH OF CASH IN THE UNITED STATES 2$ 2007 2008 2009 2010 2011 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 3% 3% 3% 4% 6% 2002 - 2011 CAGR +14.65% Data for this infographic comes from the book... CASH BOX: THE INVENTION AND GLOBALIZATION OF THE ATM BUY IT NOW @ ATMmarketplace.com/CashBox CASHBOX %24 SNOTTIW