London, May 20(ANI): John Shepherd-Barron, the Scotsman credited with inventing the world’s first automatic teller machine, now known as ATMs, has died after a short illness. He was 84.
Shepherd-Barron died in Scotland’s Raigmore Hospital on Saturday.
He had come up with the concept of a self-service cash dispenser in 1965 while lying in a bath after getting to his bank too late to withdraw money.
The businessman, who worked for the printing firm De La Rue Instruments at the time, said he was inspired by chocolate vending machines and put the idea to the head of Barclays Bank “over a pink gin”, The Telegraph reported.
The first ATM was installed at a Barclays’ branch in London in 1967.
Shepherd-Barron did not patent his system and did not make any money from his invention, but was made an OBE in 2005 for his services to banking. (ANI)