History of ATM and its types | John Shepherd-Barron

The history of ATM (Automated Teller Machine) begins in the 1960s. The world's first ATM was installed by Barclays Bank at its Enfield Town branch in London in June 27, 1967 and it is invented by Scottish inventor John Shepherd-Barron.


ATM penetration in India occurred in the late 1980s. They were started by some foreign banks like HSBC. India's first ATM was set up by HSBC Bank in 1987 in Mumbai. At present, there are two main types of ATMs operating in India:–

White Label ATM - These ATMs are set up, owned and operated by non-bank entities. They serve banking services to the customers of all banks and do not display the logo of any particular bank. The Reserve Bank of India has permitted the launch of White Labelled ATMs (WLAs) i.e private non-bank companies to set up, own and operate its brand of ATMs in the country. TATA company launched the first white label ATM in India under the brand name of Indicash.

Brown Label ATM - These ATMs are owned and maintained by a service provider which is a sponsor bank whose brand logo is used on the ATM and it handles cash management and network connectivity.

The Services provided by any normal ATMs Are:
·   Cash withdrawal
·   Cash Deposit
·   Account information
·   Regular bills payment
·   Balance Enquiry
·   Mini Statements
·   Money Transfer

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