Half a century with ATMs

The Star Early Edition - - INTERNATIONAL -

FIVE decades since it her­alded a trans­for­ma­tion in the way peo­ple ob­tained and used cash, the world’s first ATM was turned into gold for cel­e­bra­tions of its fifti­eth an­niver­sary. The brain­child of Scot­tish in­ven­tor Shep­herdBar­ron, the first ATM (au­to­mated teller ma­chine) was opened on June 27, 1967, at a branch of Bar­clays bank in En­field, north Lon­don, the first of six cash dis­pensers com­mis­sioned by the bank. English ac­tor Reg Var­ney, who starred in the Bri­tish TV com­edy show On The Buses, was the first per­son to with­draw cash from the new ma­chine. Now there are an es­ti­mated three mil­lion cash ma­chines across the globe with some 70 000 cash ma­chines in the UK alone which dis­pensed £175 bil­lion (R2.87 tril­lion) in 2016. – Reuters

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