The evolution of the ATM
Automated teller machines have come a long way since Barclays rolled out the world’s first ATM at a branch in north London 50 years ago. Here’s a look at some of the milestone moments and key innovations in ATM technology over the past five decades.
The first ATMs
The ATM made its debut on June 27, 1967, at a Barclays branch in the Enfield neighborhood in north London. A little over two years later, on Sept. 2, 1969, Chemical Bank installed the first U.S. ATM at its branch in Rockville Centre on Long Island, New York. The machine was initially known as a Docuteller because it was manufactured by the firm Docutel and, like most early ATMs, its use was limited only to customers of the bank. Shared ATMs, in which consumers could use another bank’s ATM to withdraw funds from their accounts, were introduced roughly a decade later.
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