In the current scenario use of ATMs has become an important part of human routine. This machine is a telecommunicated and computerized device that provides services related to financial transactions to customers. In this transfer process, the customer does not need the help of cashier, clerk or bank teller. But do you know when and who invented ATMs? In this article we are describing 15 interesting facts about the invention and use of ATMs.
ATM was created by John Shepherd Barron, a Scottish citizen. In 1965, One day Barron arrived in a bank to withdraw money but the bank closed due to one-minute delay. After this John Shepherd Barron thought why not make such a machine whereby 24 hours money can be withdrawn. With this thought, John Shepherd Barron invented the first ATM machine in approximately 2 years.
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The first ATM to withdraw cash was imposed on 27th June, 1967 in the Barclays Bank of London. The first person to withdraw money from this ATM was Comedy actor Reg Varney.
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John Shepherd Barron wanted to keep 6 digits ATM Pin number, but his wife Carolyn did not remember 6 digits. Therefore, he prepared 4 digits ATM Pin number.
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Who created the first map of India
First time in India, Service of ATMs was started in 1987. First of all, Hong Kong and Shanghai banking Corporation (HSBC) had installed ATM machine in Mumbai.
From ATM, not only money but gold can also be withdrawn. The first gold-plate extracting machine was installed in the lobby of Emirates Palace Hotel, Abu Dhabi. There are 320 types of gold items could be withdrawn from this machine.
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The first floating ATM was installed in Kochi, Kerala. This ATM machine was installed by State Bank of India. It was supervised by the Kerala Shipping & Inland Navigation Corporation (KSINC) Company.
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ATM can be used without a bank account in European country Romania. However, such facilities are not available in many countries including India.
In Brazil, biometric ATM is used to make banking transactions and passwords safer. The user has to first scan the fingers at these ATMs.
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ATM is known by many different names. In UK and New Zealand, it is called Cash point or Cash Machine. In Australia and Canada it is called Money Machine.
In 1968, card was used to withdraw money from ATMs installed in Barclays Bank. This card had to be taken from the bank. Although the card was left inside the machine and every time a new card had to be taken.
Meaning of unique number which randomly display on TV screen
For a 4 digit pin number between 0 to 9, 10,000 possible and valid passwords Combination is present. The most common of these is 1234, 1111 and 0000. The least commonly used password is 8068.
If someone steals the entire ATM, then he can't go far enough. Because, in this machine a chip has installed which can be tracked from GPS.
A blue ink bottle is placed inside the ATM, where notes are placed. If someone tries forcefully withdrawal a note or breaks the machine, then ink spreads on the notes.
World's highest ATM is placed in Nathu-La. Its height is 14,300 feet above sea level. It is operated by Union Bank of India. This ATM is installed for Army personnel, who are posted on Indo-China border.
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John Shepherd Barron was born on 23th June, 1925 in Shilong (Meghalaya). His father Wilfred Barron was the Chief Engineer of Chittagong Port Commissioner.
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World's only bank which gives loan without any document