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John Shepherd-Barron installed the worldâs first ATM at a branch of Barclays Bank in London in 1967. At the time, he was the managing director of De La Rue Instruments. The âauto-tellerâ invented by Shepherd-Barron could perform 24/7 transactions (perform transactions at any time during 24 hours/day and 7 days/week).
The 1960s. It wasn't until 25 years later that banks began to see the value of ATM machines. In 1967, a British inventor named John Shepherd Barron invented a cash dispensing machine. He sold his idea to De La Rue Industries, which named the machine DACS, or De La Rue Automatic Cash System.