Age, Biography and Wiki
Alastair Hanton was born on 10 October, 1926, is a British inventor of the Direct Debit (1926–2021). Discover Alastair Hanton's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 94 years old?
| Popular As |
N/A |
| Occupation |
Civil servant, banker, social entrepreneur, transport campaigner |
| Age |
94 years old |
| Zodiac Sign |
Libra |
| Born |
10 October, 1926 |
| Birthday |
10 October |
| Birthplace |
N/A |
| Date of death |
26 May, 2021 |
| Died Place |
N/A |
| Nationality |
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We recommend you to check the complete list of Famous People born on 10 October.
He is a member of famous Civil servant with the age 94 years old group.
Alastair Hanton Height, Weight & Measurements
At 94 years old, Alastair Hanton height not available right now. We will update Alastair Hanton's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Who Is Alastair Hanton's Wife?
His wife is Margaret Lumsden
| Family |
| Parents |
Peter Kydd Hanton (father)Maud Evans (mother) |
| Wife |
Margaret Lumsden |
| Sibling |
Not Available |
| Children |
Fiona, Angus and Bruce |
Alastair Hanton Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Alastair Hanton worth at the age of 94 years old? Alastair Hanton’s income source is mostly from being a successful Civil servant. He is from . We have estimated Alastair Hanton's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
Civil servant |
Alastair Hanton Social Network
| Instagram |
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| Linkedin |
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| Twitter |
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| Wikipedia |
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| Imdb |
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Timeline
Alistair Kydd Hanton (1926 – 2021) was a British banker, transport campaigner, and social entrepreneur who invented the direct debit system in 1964.
Hanton was born in north London on 10 October 1926.
His father, Peter Kydd Hanton, worked as an architect for the Ministry of Works.
His mother, Maud (née Evans) was a secretary.
Following schooling at Mill Hill School, including a period evacuated to St Bees in Cumberland during World War II, Hanton went to Pembroke College, Cambridge to study math and economics.
After graduating, a 22-year-old Hanton joined the newly founded government overseas aid organisation, the Colonial Development Corporation, in 1948, and after two years at head office in London, he was posted to Malawi to plan public works.
Hanton married Margaret Lumsden, a market researcher and Cambridge graduate in 1956.
They had two sons and a daughter.
In 1957, Hanton took a job at the Industrial and Commercial Finance Corporation (ICFC, now 3i) which provided financial support for small firms.
A year later, in 1958, Hanton joined the Economics and Statistics Division of Unilever.
After joining Rio Tinto-Zinc Corporation in 1964 he developed the use of the discounted cash flow technique and contributed to the book The Finance and Analysis of Capital Projects.
Originally named automatic debit transfer it commenced operation, as a paper-based system, in 1964, becoming widely available from 1968.
"I began with the name automatic debit transfer (ADT) and then during the discussion we shortened that… direct debit was, well, more direct…"
Hanton left Rio Tinto after four years to help found the new National Giro in 1968, retiring from the organisation 18 years later in 1987.
Direct debit was invented by Alastair Hanton while he was working at Unilever as a way of collecting payments more efficiently from Wall's ice cream sellers.
In 1982 Hanton was promoted from Operations Director to Deputy Managing Director.
In 1985, Hanton initiated the LINK ATM network that allowed customers to withdraw money from ATMs of banks other than their own.
Hanton was one of the founders of The Fairtrade Foundation.
Hanton also founded the Environmental Transport Association, was vice-chairman of Christian Aid, chair of Living Streets and the London Cycling Campaign.
Hanton was awarded an OBE in the 1986 New Year Honours on his retirement as deputy managing director of National Girobank.
