The machine transformed banking and Shepherd-BarronвЂ™s name went down in history: In 2005, he was made an Officer of the Order of the British Empire for his services to banking and the obituaries after his death in 2010 all called him the вЂњinventor of the ATMвЂќ. Shepherd-Barron he approached Barclays with the idea, a contract was hurriedly drawn up ( over a вЂњpink ginвЂќ) and soon after, the new cash dispenser вЂ“ with a ВЈ10 maximum withdrawal вЂ“ sprouted up next to the bank.

The story goes that John Shepherd-Barron, an engineer at printing company De La Rue, came up with what was essentially a cash vending machine one Saturday afternoon after he missed his bankвЂ™s open hours. The вЂњworldвЂ™s firstвЂќ ATM landed on a high street in Enfield, a suburb of London, at a branch of Barclays bank thereвЂ™s even a blue plaque on the outside of the building, still a Barclays, to memorialize the cash dispenserвЂ™s June 27, 1967, debut. Or is it? Because it looks like at the very moment ATM usage in on the decline, some American banks are doubling-down on their ATM investment. They live to serve we only really notice them when we canвЂ™t seem to locate one.Д«ut in recent years, the ATM no longer does something that no other machine or outlet can do and its days, some say, are numbered. Automated teller machines, better known as ATMs, have been a part of the American landscape since the 1970s-beacons of self-service and convenience, they revolutionized banking in ways we take for granted today.

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