This Month In The Past
PINs & Cash Cards
The first cash machine with personal identification numbering was introduced by James Goodfellow from Paisley. He was asked to solve the problem bank customers had in accessing banking services and cash withdrawal when banks were closed.
Goodfellow patented the PIN technology and designed the first ATM in 1966.
Ironically despite his invention now being used globally by every bank customer he received no financial benefit other than a £10 bonus from his employers, Kelvin Hughes even though his impact on the banking world is immense.
Banking bosses financial remuneration regularly reach millions of pounds but few have contributed as much to the world of banking as James Goodfellow.
Goodfellow is aged 85 and still lives in Paisley.