Happy birthday, Cash Machine.
25-06-2007, 09:04
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#1
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Cable Forum Team
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Happy birthday, Cash Machine.
Today (25 June 2007) is the 40th anniversery of the first Cash Machine going online.
http://news.bbc.co.uk/1/hi/business/6230194.stm
The machine, which operated using the same basic principles of today's machines (ie, you stuck in a cheque, entered a 4 digit PIN then took your money) was limited to £10 a transaction. The inventor apparently had the idea in his bath, and envisaged a machine that worked similarly to a chocolate dispenser, but with cash, and, to this end, the first cash machine deposited the money in a drawer with you then pulled out.
Interestingly, when he came up with idea of the PIN number, he suggested using a six digit number, but settled on 4 digits after his wife pointed out that she (and other people) may have trouble remembering the extra two digits.
The machine was installed in a Barclays branch in Enfield, where a small plaque was hung on the cash machine's 25th anniversary.
Now, I didn't mean this to turn into a rant, but this guy invented something that changed the way that a large percentage of the human race (well, those that use banks anyway) live. How many of you actually go into your bank or building society regularly now? I suspect most of you do most of your banking online, or through a cash machine, and go to the cash machine to get cash.
Surely we should be doing a little more to celebrate this than sticking up a plaque?
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25-06-2007, 11:07
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#2
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Hello !
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Re: Happy birthday, Cash Machine.
I use an ATM most days.
They are deifnately a great invention and you can even use them to pay in money and cheques as well now.
A great invention 
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25-06-2007, 11:24
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#3
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Eric Cartman Wannabe
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Re: Happy birthday, Cash Machine.
Pointless semi-interesting fact of the day: Reg Varney was the first official ATM user.
---------- Post added at 12:24 ---------- Previous post was at 12:21 ----------
Apparently the first ATM was installed in NY in 1939 but was ditched after 6 months because noone used it.
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25-06-2007, 11:29
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#5
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cf.mega poster
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Re: Happy birthday, Cash Machine.
I can't remember the last time I used an ATM. Use Switch for most things these days.
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25-06-2007, 12:00
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#6
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Karateka
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Re: Happy birthday, Cash Machine.
Quote:
Originally Posted by Gavin
Pointless semi-interesting fact of the day: Reg Varney was the first official ATM user.
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I never knew that was his name... for some reason I was mistaking the name with a car dealership place called Reg Vardy (one of my neighbours has the sticker in his car) and thought it was a bit strange that the owner of that would be the 1st person.
The bloke from On the Buses makes much more sense. Didn't realise he was still alive, tbh.
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25-06-2007, 12:18
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#7
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Re: Happy birthday, Cash Machine.
My favourite useless fact about the world's first ATM is that you needed a 'mildly radioactive' chequebook in order to make it work. 
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25-06-2007, 12:29
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#8
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Re: Happy birthday, Cash Machine.
Quote:
Originally Posted by Wicked_and_Crazy
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Fair enough.. It's just that the BBC published the article today, and didn't mention the date.
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Just to make it clear if a post is bold and is from a team member, it's a moderating decision. If it's not bold or not from a team member, it's not.
"This is an important announcement. This is flight 121 to Los Angeles. If your travel plans today do not include Los Angeles, now would be a perfect time to disembark.”
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25-06-2007, 12:40
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#9
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Eva Longoria Fan
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Re: Happy birthday, Cash Machine.
Quote:
Originally Posted by Halcyon
I use an ATM most days.
They are deifnately a great invention and you can even use them to pay in money and cheques as well now.
A great invention |
How do you pay money in then, cos i didnt know that. Another pointless and interesting fact is that you can even top up your phone at some ATM Machines now as well.
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25-06-2007, 12:43
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#10
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Cable Forum Team
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Re: Happy birthday, Cash Machine.
Quote:
Originally Posted by MadGamer
How do you pay money in then, cos i didnt know that. Another pointless and interesting fact is that you can even top up your phone at some ATM Machines now as well.
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At the Abbey, you type in the amount you want to pay in, take an envelope from a dispenser (when the machine tells you - the dispenser is locked before that), stick the money in the envelope, then feed it into a slot as directed by the screen (you have to stick it in a certain way, as the machine prints on it.
Later on, someone opens the envelope, checks the amount in it, and if it matches what is on it, clears the payment.
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Just to make it clear if a post is bold and is from a team member, it's a moderating decision. If it's not bold or not from a team member, it's not.
"This is an important announcement. This is flight 121 to Los Angeles. If your travel plans today do not include Los Angeles, now would be a perfect time to disembark.”
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25-06-2007, 13:28
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#11
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Re: Happy birthday, Cash Machine.
Quote:
Originally Posted by Stuart C
At the Abbey, you type in the amount you want to pay in, take an envelope from a dispenser (when the machine tells you - the dispenser is locked before that), stick the money in the envelope, then feed it into a slot as directed by the screen (you have to stick it in a certain way, as the machine prints on it.
Later on, someone opens the envelope, checks the amount in it, and if it matches what is on it, clears the payment.
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In the Nationwide they have machines which can read the normal savings books & can read cheques & count cash paid in (although not the new £20's yet)
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