After Reflectone, Simjian founded General Research Inc. and Command Automation Inc., Hayward argues that:
Bankograph (ATM) Simjian invented what has been described as a precursor of the
automated teller machine (ATM). For this, Simjian is often considered the inventor of the ATM or that he first introduced the concept. The entry on Simjian in the
American National Biography noted that he is "sometimes referred to as the 'father of the ATM' because he introduced the idea behind these now-ubiquitous machines." It was covered by the
New York Times, which described it as a "robot bank teller that gives the depositor a picture of the money he puts in. There can never be any question as to the number and bills to be credited to his account." Simjian filed for a patent for "Subscriber controlled apparatus" in 1959. In 1960 Simjian filed for patent a device that incorporated an ATM photographing the deposited check. Described as "less than a full-function ATM," the Bankograph was an automatic deposit machine that accepted cash and check deposits at all times. A camera inside the machine took snapshots of the deposits, copies of which were given to the customers as receipts. when it was placed in a few
City Bank of New York bank lobbies for six months. The company discontinued its use due to limited appeal. The authors of a 2009 study in the journal
Marketing Science credited Simjian with the first concept (1957), the first patent (1957), and the first prototype (1960) of the ATM, which they listed as a radical innovation, but credited De La Rue Instruments with mico-commercialization, the first sale of an innovation (1967), and Docutel with macro-commercialization, the first year a firm sells the innovation to a broad market (1969).
Other Simjian's other inventions included an indoor computerized golf practice range (1960s), a remotely accessed automatic
postage meter (1981) that was purchased by
Pitney Bowes, a
meat tenderizing method,
golf balls, cooking devices, the use of
ultrasound as an anticounterfeiting device, an athletic shoe, and a bandage. He also revisited and improved some of his earlier inventions. His eyesight declined significantly in his last years. However, he still made inventions with his last patent being granted several months before his death, in March 1997. ==Personal life and death==