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2007-06-26

ATM 40th anniversary

In a rather work-related issue, BBC News posted a story about the man who invented the ATM machine. The first one was installed in 1967, in Enfield, North London, in a branch of Barclays.

Although, sans the magnetic tape commonly used now by the ATM cards, first generations of ATM read pre-generated paper instead, which enabled people to withdraw a fix amount (10 pounds back then) of money.

Like all other inventions, the idea for ATM was found while in the bathtub (seriously!). It seems that surrounding yourself in a box of water while relaxing can produce amazing results...

Thanks Slashdot.

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