The first ATM was unveiled at a branch of Barclays in Enfield in north London on 27 June 1967. Barclaycash was the UK’s first automated cash point and Reg Varney of ‘On The Buses’ fame was the first person to withdraw cash from the machine. Barclays being the first bank to install a cash machine and Reg Varney being the […]
The first ATM was unveiled at a branch of Barclays in Enfield in north London on 27 June 1967.
Barclaycash was the UK’s first automated cash point and Reg Varney of ‘On The Buses’ fame was the first person to withdraw cash from the machine.
Barclays being the first bank to install a cash machine and Reg Varney being the first person to withdraw cash is basic Payments 101 stuff.
Barclaycash was the UK’s first automated cash point
But, did Barclays invent the ATM or did they narrowly beat someone else to the first ATM crown?
In a BBC Sounds podcast you’ll hear James Goodfellow tell Clare English about his invention of the cash machine and the global impact it had on the banking industry. You’ll also hear that James also patented the Personal Identification Number (PIN) technology which is still fundamentally the basis for modern day cash withdrawals.
Focussed on the changing payments landscape in the UK, using social media to share payment insights. Previously Bacs’ CEO. http://www.northeypoint.co.uk