India-born Scot John Shepherd-Barron, the man who invented the ATM, has died after a short illness. He was 84. Barron, who had been living in Portmahomack in Ross-shire, died at a Hospital in northern Scotland.<br/><br/>The businessman, who worked for the printing firm De La Rue Instruments at the time, came up with the concept of a self-service cash dispenser in 1965 while lying in a bath after getting to his bank too late to withdraw money.<br/><br/>The first automated teller machine was installed at a bank in London in 1967. And, Reg Varney, one of the stars of popular TV show 'On the Buses', became the first person to withdraw cash.<br/><br/>The first ATM was operated by inserting a special cheque that was matched against a PIN number, and paved the way for machines using plastic cards. There are now nearly two million machines worldwide.
News On AIR | May 20, 2010 6:14 PM
John Shepherd-Barron, inventor of ATM dies