The creation of automated teller machine (ATM) or self-banking developed through individual efforts by some noteworthy names in Sweden, Japan and United Kingdom. Luther George Simjian is credited in the United States for creating the first ATM or automated teller machine. He is presumed to have worked on the concept before 1939, although he applied for the patent in 1960 and got it in 1963.
A temporary and tested bankograph was launched in the year 1939 and was later removed due to lack of public assistance and acceptance. It was credited that Inventor John Shepherd-Barron had installed the first cash dispenser of the world in London at a Barclays Bank branch in the year 1967. Several attempts were made in Japan and Sweden, and new types of ATM were patented under many names. Every country established its own type of automated teller machines for accepting and depositing cash. Early ATMs also dealt with coins.
