ATM Punch-Cards, 1970s
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The UK's first automated cash dispenser was installed in 1967. These cash cards are thought to date from the 1970s. They use the punch-card format common in computing at the time to store data.
A user would put these cards into the cash dispenser, enter their number and receive £10 in cash. The machine would keep the card, which would then be processed by staff and returned to the customer. Only later in the 1970s did ATMs allow users to examine their account balance, withdraw different amounts of cash and retain their card after the transaction. Today, computing systems play a fundamental role in managing the world's financial system.
These bank cards are for Williams & Glyn's Bank, the name given to the Royal Bank of Scotland's English and Welsh subsidiaries until 1985, when it was fully absorbed into RBS.
Source: http://heritagearchives.rbs.com/rbs-history-in-100-objects/serving-our-customers/cash-card-1969.htmlDate : 1970
Creator : Williams & Glyn^s Bank
This exhibit has a reference ID of CH42290. Please quote this reference ID in any communication with the Centre for Computing History.
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