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The history of the Swedish ATM: Sparfrämjandet and Metior

Thodenius, Björn; Bátiz-Lazo, Bernardo and Karlsson, Tobias LU (2010)
Abstract
In this paper we describe the first decades of the history of the Swedish ATM (Automated teller machine). Sweden was one of the pioneers in using ATMs, starting with cash dispensers or cash machines in 1967. The first machine was made operational and shown to the press on July 6, 1967, in Uppsala at Upsala Sparbank, only one week after the first cash machine in the world was made operational in the UK. The Swedish machine was manufactured by the Malmö based company Metior. This paper seeks to document the origins and early development of cash machines by Swedish savings banks, employing oral as well as archival sources. Interestingly, we find that the key actor behind the ATM technology was not the saving banks’ computer company Spadab,... (More)
In this paper we describe the first decades of the history of the Swedish ATM (Automated teller machine). Sweden was one of the pioneers in using ATMs, starting with cash dispensers or cash machines in 1967. The first machine was made operational and shown to the press on July 6, 1967, in Uppsala at Upsala Sparbank, only one week after the first cash machine in the world was made operational in the UK. The Swedish machine was manufactured by the Malmö based company Metior. This paper seeks to document the origins and early development of cash machines by Swedish savings banks, employing oral as well as archival sources. Interestingly, we find that the key actor behind the ATM technology was not the saving banks’ computer company Spadab, but Sparfrämjandet, a company most known for its campaigns to encourage thrift among children. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Working Paper
publication status
unpublished
subject
keywords
savings banks, technological change, cash dispensers, automated teller machines (ATM), Sweden
language
English
LU publication?
yes
id
e21f3a73-9427-4162-9e92-f89ded9aa80d (old id 1757609)
date added to LUP
2011-01-10 11:33:49
date last changed
2016-10-11 08:27:29
@misc{e21f3a73-9427-4162-9e92-f89ded9aa80d,
  abstract     = {In this paper we describe the first decades of the history of the Swedish ATM (Automated teller machine). Sweden was one of the pioneers in using ATMs, starting with cash dispensers or cash machines in 1967. The first machine was made operational and shown to the press on July 6, 1967, in Uppsala at Upsala Sparbank, only one week after the first cash machine in the world was made operational in the UK. The Swedish machine was manufactured by the Malmö based company Metior. This paper seeks to document the origins and early development of cash machines by Swedish savings banks, employing oral as well as archival sources. Interestingly, we find that the key actor behind the ATM technology was not the saving banks’ computer company Spadab, but Sparfrämjandet, a company most known for its campaigns to encourage thrift among children.},
  author       = {Thodenius, Björn and Bátiz-Lazo, Bernardo and Karlsson, Tobias},
  keyword      = {savings banks,technological
change,cash dispensers,automated teller machines (ATM),Sweden},
  language     = {eng},
  note         = {Working Paper},
  title        = {The history of the Swedish ATM: Sparfrämjandet and Metior},
  year         = {2010},
}