18
teller person.
Besides
act
as
a
money
dispenser,
ATM
also
provides
customer
with
a
number
of
services
including
cash
withdrawal,
check
balance,
transfer
fund,
bill
payment and others transaction option.
2.1.2.2 History of ATM
ATM
was
developed
and
built
by
Luther
George
Simjian
and
installed
1939
in
New
York by the City Bank of New York, but removed after 6 months due to the lack of
customer acceptance.
After
the
development
paused
for
25
years,
De
La
Rue
developed
the
first
electronic
ATM, which was installed first in Enfield Town in North London on June 27, 1967 by
Barclays Bank.
The
first
ATMs accepted only a single- use token or
voucher, which was retained by the
machine.
A British engineer named James Goodfellow developed the idea of storing the PIN in a
physical
card
and
then
comparing
it
when
the
person
wants
to
retrieve
the
card.
This
idea is then patented in 1965 by Goodfellow.
When the ATM is widely used by UK in 1973, Llyods bank IBM 2984 was designed
ATMs
first came
into wide UK
use
in 1973; the IBM 2984 was designed at
the request
of
Lloyds
Bank.
The
2984
CIT
(Cash
Issuing
Terminal)
was
the
first
true
Cash
point,
similar
in
function
to
today's
machines;
Cash
point
is
still
a
registered
trademark
of
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