History:

Luther Simjian came up with the idea of creating a "hole-in-the-wall machine"

that would allow customers to make financial transactions. In 1939, Luther
Simjian applied for 20 patents related to his ATM invention and field tested his
ATM machine in what is now Citicorp.
when the first ATM machine was invented by Scot John Shepherd-Barron and
used by Barclays Bank in 1967. However, while Shepherd-Barron has the major
claim to fame, there have been many other individuals who have also invented
some version of the ATM. The machine itself has evolved over the years, with
the earlier versions restricted to only one or few banking functions. There has
been much debate, however, on who invented the first early versions of
Automated Teller Machine. But the history of ATM can be visibly traced back to
the year of 1967.
 However, some experts have the opinion that James
Goodfellow of Scotland holds the earliest patent date of 1966 for
a modern ATM, and John D White (also of Docutel) in the US is
often credited with inventing the first free-standing ATM design.

In 1967, John Shepherd-Barron invented and installed an

ATM in a Barclays Bank in London. Don Wetzel invented an
American made ATM in 1968.
ATMs, standing for "Automatic Teller
Machines", are an easy, convenient
way to access your account from
almost anywhere. If you're new to
them, don't worry. It's easy. The
instructions are right there, on the
machine.
Key Areas To Know
 Provides the best multiple
service support
 Cash withdrawals
 Checking Account
 Money transfer
 We can get A/c statements
1. Drive - in - type:
There are the ATM’s located at the roadside or
highways to facilitate the customers to draw the amount
as and when they require.
1. Lobby type:
The ATM’s placed at the crowded places like,
airport, hotels, railway stations are called lobby types.
1. Wall type:
The ATM’s inserted in the wall or placed on the floor
or a closed lobby room are wall type ATM’s These are
located at the prime locations to facilitate the customers
to access the ATM’s as and when they require.
1. Card reader: It does the functions of reading the information of
magnetic stripes when inserted by the card holders. The card reader
reads the information and if it finds that the card is genuine it allows the
card holder to processed with the operation or else if card is not valid it
capture the card in the machine itself.
2. Monitor / Screen of the ATM’s: The monitor of ATM machine
displays the information on the basis of the information visible on the
card, The card holder can conduct the operation systematically.
3. Keyboard: The key board of the ATM machine contains various
numbers and information buttons like cancel, search, continue, yes, no,
etc. It facilitates the cardholder to operate accordingly.
4. Printer: It functions of printing the information requested by the
cardholder.
5. Slot: It is the place in the ATM from which the information slip goes.
6.Cash dispenser: In the ATM there is a place like cash dispenser
which is a place obtaining the desired amount of cash by the cardholder.

7. Depository: This is the box where the user can deposit the
envelopes containing cash/ cheques/ DD and telephone bills.

8. CPU: The central processing unit which controls all process, and
components like input devices, hard disk, output devices.

9. Cameras: some ATM’s have cameras installed which has a facility of

recording video or taking photo of the users for the security purpose; the
purpose of installing the cameras is to avoid frauds and prevent the
unscrupulous acts of miscreants.
With ATM
 Advantages and Disadvantages of
ATM
• ATM Advantages

• ATM supports voice, video and data allowing multimedia and mixed services over
a single network.
• Easy to access.
• Saves time. No need to visit braches.
• High evolution potential, works with existing, legacy technologies .
• Provides the best multiple service support.
• Supports delay close to that of dedicated services.
• Easy to get money. (In few seconds).
• Ability to connect LAN to WAN.
• High speed Mbps and possibly Gbps.
ATM disadvantages
“ATM is not a bank, it is just a machine”

• Highly expense,
• ATM Cards can be misused.
• power problems will be the major de-merits of ATM.
•Services fully denied if fund’s is insufficient in ATM.
• ATM’s are not user friendly with all the customer. (illiterates).
•Technological inventions may lead to confusion. (innovation).
• ATM’s cannot provide all the services related to banking.
 The Hub of all Financial
Transactions
 Check in wherever you are

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 Conclusion
ATM. (Automated teller machine) brought new revolution in the Banking
sector in 1960-70’s, it made really easy to customers of banks to make
there transaction with banks. They can deposit, withdraw, payment,
check the balance, get bank statement, etc… without going to bank.
THANK YOU