Tag: bank account

Payment systems in all their guises

Did you know that the Scotsman John Sheperd-Barron (1925-2010) is credited with inventing the first automatic cash dispenser? The first ‘hole-in-the-wall’ cash machine was installed in London in 1967. The first banknote dispensers appeared in Belgium nearly one year later, in 1968.

Electronic money

According to Régis Bouyala, means of payment are “transaction media made available to economic agents […] to pay the price of a product or service or to settle a debt.