Numerous inventors contributed to the evolution of ATM (automated teller machine), and the first ones were John Shepherd-Barron (Scottish inventor), Luther George Simjian (USA) and Don Wetzel (USA).

The first magnetic stripe card ATM was installed at New York's Chemical Bank in 1969. To protect this first cash dispenser from harsh weather conditions they covered it with canopy.

At that time bankers were not very exited about ATMs, since the cost of one machine was by about $8,000 higher annually than a human teller.

Since first ATMs were offline devices not connected by a computer network with client's account, the banks were giving privileges of using money machines to card holders with good banking records only.

According to Fortune today there's one ATM for every 284 American households.