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

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

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Timeline

1926

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.

1948

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.

1956

Hanton married Margaret Lumsden, a market researcher and Cambridge graduate in 1956.

They had two sons and a daughter.

1957

In 1957, Hanton took a job at the Industrial and Commercial Finance Corporation (ICFC, now 3i) which provided financial support for small firms.

1958

A year later, in 1958, Hanton joined the Economics and Statistics Division of Unilever.

1964

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…"

1968

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.

1982

In 1982 Hanton was promoted from Operations Director to Deputy Managing Director.

1985

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.

1986

Hanton was awarded an OBE in the 1986 New Year Honours on his retirement as deputy managing director of National Girobank.