History of Automated Teller Machines

By the 1960s, several teams around the world were working independently to devise a method for withdrawing cash from a bank after hours without committing a crime. The timeline for the advent and spread of the ATM is given below:
In 1960, an American named Luther George Simjian invented the Bankograph, a machine that allowed customers to deposit cash and checks into it.
The first ATM was set up in June 1967 on a street in Enfield, London at a branch of Barclays bank. A British inventor named John Shepherd-Barron is credited with its invention. The machine allowed customers to withdraw a maximum of GBP10 at a time.
In the U.S., the deployment of the ATM was pioneered by Donald Wetzel, a Dallas-based engineer. The first ATM in the US was installed in September 1969 at the Chemical Bank branch in Rockville Center in New York with the slogan, “On September 2, our banks will open at 9 am and never close again.”
In 1970, a British engineer, James Goodfellow, proposed the concept of a personal identification number (PIN), which automated verification of the identity of customers, thus marking a landmark moment in the growth of self-service banking.
The U.S. witnessed a major surge in ATM numbers in 1977 when Citibank pledged more than $100 million for the installation of the machines across the city of New York. ATM use rose by 20% when a blizzard forced all the banks in the city to close their branches for days.
In 1977, National Cash Register, a software and technology company in the U.S., launched the NCR Model 770, an easy-to-operate ATM that allowed the banks to offer services 24/7. The newer model (5070 ATM) launched in the early 1980s proved to be more reliable, flexible, and customer-friendly.
By 1984, the number of ATMs installed worldwide totaled 100,000.