User:Zmohannaei

Emergence of E-banking in Iran

The ATM innovation, returns to 1960 decade. The first and perhaps most compelling claim to the original innovation, in terms of patent evidence, is a development in the UK from the specialist engineering firm Smiths Industries, who developed a system in conjunction with CHUBB Lock and Safe Co. The CHUBB system was first deployed by the Westminster Bank, at its Victoria branch on the July 31, 1967. This followed a four months joint development period by the bank and CHUBB in order to bring it to market. But at last, John Shepherd Barron (managing director of De La Rue) managed to record its patent (the first cash dispenser machine) on June 27, 1967. This research points to the first using of cash dispenser machine in 1971 in Tehran Bank when installed 6 machines of CHUBB MD4s ATMs in its branches in Tehran included Chauhaur Raahe Pahlavi, Ferdousi, Bazar, Jamalzadeh, Takht e Jamsid, and then increased them to 12 machines in all the country(expanded to these cities: Chaulous, Shiraz, Isfahan, Rasht, Mashhad ). This paper will try to introduce interesting information about the emergence and using of dispensing machines in Iran. To record the history of e-payment and e-banking in Iran And also to show the impact of banks on developing initial enterprise software in all the world.

TEHRAN bank was one of the 10 banks which merged together in 1980 to MELLAT bank in Iran. You can find some of TEHARN Bank advertisements in old newspapers and magazines which were published in 1970 decades in Tehran (Iran), about using automatic machines to withdtaw money 24 hours  a day: Tehran Economist, No 1096, published in Khordad 1354:

TEHRAN bank Poster: First cash dispenser machine 1971- Tehran, CHUBB MD4s model: Current face of CHUBB MD4s model in Iran 2010: ETELLAAT newspaper has a report about TEHRAN Bank new cash dispenser machine on Jan, 1971. The person in front of machine is Mr. M REZA FATEMI who was first responsible of these machines in TEHRAN Bank, and now is living in Tehran in 70 years old who told about those days. How the machine worked, and how they nursed and maintenanced that machine.