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Wednesday, June 27, 2007

Cash Machine Celebrates 40th Anniversary

The cash machine (ATM) celebrates its 40th birthday today.

The world's first cash machine was installed on 27th June 1967 by Barclays Bank in Enfield, North London. The machine only dispensed £10 at a time. It was developed by John Shepherd Barron who was inspired by a chocolate vending machine.

Mr Shepherd Barron said: "I remember back in 1965 that I would always take money out of my bank on a Saturday morning. However, one Saturday I was one minute late at my bank and it was closed.

"I had to ask my local garage to cash my cheque. That night I started thinking that there must be a better way to get cash when I wanted it."

He continued: "I thought of the chocolate vending machine where money was put in a lot and a bar dispatched - surely money could be dispensed in the same way."



what to say? lot's of effort!! when can I move back to Neath?!

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