Bank Deposit Machines

when & where the first ATM was established?

It had to be in the very early 1970s, and there’s a good chance it was in Columbus, Ohio. Two or three companies made ’em … Diebold, which also made secure after-hours bank deposit machines, was one. A European manufactorer — Siemans, I think, was another; and the third was either Honeywell or (more likely), NCR (National Cash Register).

Some bank vice president in Columbus was pushing online or automated banking very hard at the time. I seem to remember that he had some experimental machines installed for evaluation. There were big challenges in setting standards for the format of the mag stripe, and also in getting customers to trust the machines.

At that time I was working in Manhattan. Within a year or two after the Columbus project went live, Citibank installed six ATMs in secure midtown locations. This was also a pilot project. As best I remember, some locations were near 72nd & Broadway on the west side; 57th & 6th Avenue (or maybe Columbus Circle); somewhere near Rockefeller Center; 53rd & Third Ave.; and the one I used in Tudor City around 43rd or 44th Street near the U.N. Building.

Citibank would give you a “Citicard” if you asked for one. The ATMs were always inside a locked vestibule (a small, well-lighted room) that you could only enter by using your card. So they had double security, and everything was on film. Security was a big issue, because it was feared that people would withdraw money at night and then get robbed.

Citibank at that time was a real loner; they wanted to use their own proprietary mag stripe technology, and wouldn’t go along with emerging industry standards.

Sometime later, Chemical Bank started their pilot project. They used machines made by IBM as I recall.

Chase Manhattan seemed to get into ATMs a bit later still. Chase and Citibank were locked in a credit card war, and Chase was concentrating on that. They were trying out merchant “point of sale” credit authorization terminals for use with their Master Charge (later Master Card).

For its part, Citibank (led by technology guru John Reed, later CEO) wanted its Citicard to do everything. But then it bought into (or bought) B of A’s BankAmericard (later Visa), and still the battle over standards continued.

I don’t know how the Columbus experiment turned out, but as we all know, the marketing effort to get customers accustomed to using ATMs eventually paid off. It’s a lot cheaper for banks to buy ATM machines than to pay teller salaries.

Intelligent ATM Machines: NCR Intelligent Check Deposit Video


Children's Mini ATM Machine Safe Deposit Box Savings Bank - Automatic U.S. Coin Counter with Bill Slot - Savings Goal Tracker, Calculator, Passcode Protected Banking Device for Kids


Children’s Mini ATM Machine Safe Deposit Box Savings Bank – Automatic U.S. Coin Counter with Bill Slot – Savings Goal Tracker, Calculator, Passcode Protected Banking Device for Kids


$19.99


Digital Coin Bank…

Children's Mini ATM Machine Safe Deposit Box Savings Bank - Automatic U.S. Coin Counter with Bill Slot - Savings Goal Tracker, Calculator, Passcode Protected Banking Device for Kids (Blue)


Children’s Mini ATM Machine Safe Deposit Box Savings Bank – Automatic U.S. Coin Counter with Bill Slot – Savings Goal Tracker, Calculator, Passcode Protected Banking Device for Kids (Blue)


$19.99


Digital Coin Bank…

CBTONE Cartoon Electronic Piggy Bank Cash Coin Can, Electronic Money Bank, Mini ATM Money Saver Coin Bank Password Box Saving Banks, Great Gift Toy for Kids Children - Blue


CBTONE Cartoon Electronic Piggy Bank Cash Coin Can, Electronic Money Bank, Mini ATM Money Saver Coin Bank Password Box Saving Banks, Great Gift Toy for Kids Children – Blue


$21.99


Features: Cutest design toy ATM with electronically rolling cash ability like a real ATM machine. High-tech toy for your kids. Made of selected ABS plastic, ensuring the process is non-toxic and without bad smell, we only deliver the best quality products to your children. Perfect gift to send to younger friends and children as Birthday/ Christmas/ New Year gift How to use: 1. Open the safe with 4…







Atm Street Sign Bank Feature Money Cash Deposit Fast Machine Service Metal Sign Present Outdoor Indoor Novelty Wall Plaque Decoration


Atm Street Sign Bank Feature Money Cash Deposit Fast Machine Service Metal Sign Present Outdoor Indoor Novelty Wall Plaque Decoration


$7.99


Made of high quality aluminum metal aluminum.Sturdy aluminum construction is strong enough to hold up to indoor or outdoor use.Rustproof, waterproof and weather-resist.Good for indoor and outdoor display.Eco-friendly process, Pre-drilled holes for easy mounting….

Replacement For Bissell Calcium Filter & Mop Pads Fit Bissell 46B4 39W7 21H6 31N1 1867 1865 Series Vacuum Steam Mops; Compatible With Part # 3255 218-5600 2032158 2185600, By Think Crucial


Replacement For Bissell Calcium Filter & Mop Pads Fit Bissell 46B4 39W7 21H6 31N1 1867 1865 Series Vacuum Steam Mops; Compatible With Part # 3255 218-5600 2032158 2185600, By Think Crucial


$21.99


TOP BENEFITS OF STEAM MOP WATER FILTERS AND MOP PADS LONG LASTING RELIABILITY BETTER CLEANING PERFORMANCE EASY TO INSTALL MAXIMUM DURABILITY HEALTHIER LIVING FITS BISSELL STEAM MOP SERIES: 46B4, 39W7, 21H6, 31N1, 1867, 1865 REPLACES BISSELL PART NUMBERS: 218-5600, 2185600, 2032158, 3255 These Bissell water filters and steam pads for your steam mop are sure to to get your steam mop cleanin…

Overcentralization in economic administration : a critical analysis based on experience in Hungarian light industry / translated by John Knapp


Overcentralization in economic administration : a critical analysis based on experience in Hungarian light industry / translated by John Knapp




The analysis of bank decisions to issue debentures: Experiments with a man-machine simulation model (Working paper)


The analysis of bank decisions to issue debentures: Experiments with a man-machine simulation model (Working paper)




Current Legal Issues Affecting Central Banks, Volume V


Current Legal Issues Affecting Central Banks, Volume V



This volume, edited by Robert C. Effros, focuses on how technology is affecting the world of banking and finance in an era of increasing globalization. The advent of electronic money, stored value cards, and internet transactions are discussed, as well as the impact of technology on cross-border banking and its implications for central banks. Other issues examined are the legal and regulatory fram…


ATM Street Sign Bank Feature Money Cash Deposit Fast Machine Service Funny Gift - Sticker Graphic - Auto, Wall, Laptop, Cell Sticker


ATM Street Sign Bank Feature Money Cash Deposit Fast Machine Service Funny Gift – Sticker Graphic – Auto, Wall, Laptop, Cell Sticker


$4.95


Self adhesive high performance vinyl decal bumper Sticker. They make great gift for your family and friends. Printed on high quality vinyl (not paper or cheap vinyl material). They will last for up to 5 years. Perfect for indoor or outdoor use. Easy to apply…