Do you know these details about “Any Time Money?”
As of March 31, 2021, there were 1,15,605 onsite ATMs and 97,970 offsite ATMs in our country. By the end of March 2021, all banks had issued 90 crore debit cards to their customers. There are various arguments, theories and versions from different countries on who designed the ATM.
Many countries, including the United States, compete for patents. However, British inventor John Shepherd Baron is credited with inventing the world’s first ATM. In 1965, he introduced the world to a self-service device that provided cash. The first ATM was installed on June 27, 1967, outside the Enfield Town branch of Barclays Bank in North London.
What is his particularity, is that he was born in India? He was born in 1925 in a hospital in Meghalaya. After 53 years, sbi bank set up an ATM in the hospital where he was born in August 2021. Also called ATM (Automatic Teller Machine) in America, Automated banking Machine (ABM) in Canada, Cash Point on the ground British, Cash Machine, Everything in the Wall. Also known as Cashline, Any Time Money, Time Machine, Cash Dispenser, Cash Corner, Bancomat. Those that do not belong to the financial institution are called white label ATMs. The ATM industry association estimates that there were 3.5 million ATMs worldwide by 2015. However, with the increase in cashless payments, the management of ATMs is gradually declining. Before the advent of ATMs in the 1960s, a device called a computer loan machine was popular in Japan.
There are permissions to set up ATMs where possible. ATMs have also been installed on cruise ships and US Navy ships. In the meantime, solar-powered ATMs are being set up. The tallest ATM in the world is located on the Khunjerab Pass in Pakistan. At an altitude of about 15,000 feet, this ATM operates at minus 40 degrees Celsius.
ATMs typically employ security guards, technical staff, and other staff. Cleaning and other maintenance work was included. At the beginning of ATMs, it was thought that this type of employment would increase. In 2010, six lakh people were employed in such jobs. However, due to the transfer of the task to security guards and online banking, the number of such appointments has dropped significantly.