Archive for July 6th, 2010

Your Daily Facts about ATM Machines

Your Daily Facts about ATM Machines

Numerous inventors contributed to the evolution of ATM (automated teller machine), and the first ones were John Shepherd-Barron (Scottish inventor), Luther George Simjian (USA) and Don Wetzel (USA). The first magnetic stripe card ATM was installed at New York's Chemical Bank in 1969. To protect this first cash dispenser from harsh weather conditions they covered it with canopy. At that time bankers were not very exited about ATMs, since the cost of one machine was by about $8,000 highe

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