Friday, June 14, 2013

Who invented A.T.M Machine?

A.T.M Machine 

The first mechanical cash dispenser, which is known as ATM machine was invented by Luther George Simjian. It was first  installed in New York City in 1939 by Luther. Here are some other facts about

  •  Mr. Luther, inventor, called it " Hole-in-the- wall machine"
  • No one used that machine except few gamblers and prostitutes and it disappeared after 6 months. 
  • The real breakthrough emerge in 1969 by another inventor named Donald C. Wetzel who invented automated Teller Machine for a company called Docutel, which was installed at Chemical Bank in NY. 
  • 4 Years later at least there were 2000 A.T.M installed in the U.S.,  and NOW, today there are more than 400,000
  • It costs $30K to make and installed in different business areas

*I think I can conclude the fact that Mr. Luther George should receive huge credit for introducing the whole A.T.M ideas in human lives. However, Luther's vision probably came into absolute reality by Donald C. Wetzel*

Crouse, L.Who Made That. The New York Times Magazine, 24

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