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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).
Don Wetzel-Waiting In Line. The other two inventors listed on the Don Wetzel patent were Tom Barnes, the chief mechanical engineer and George Chastain, the electrical engineer. It took five million dollars to develop the ATM. The concept first began in 1968, a working prototype came about in 1969 and Docutel was issued a patent in 1973.