Automated Teller Machines History

The automated teller machine, or ATM, is such a complicated piece of technology that it does not have a single inventor. Instead, the ATMs we use today are an amalgam of several different inventions. Some of these proto-ATMs dispensed cash but did not accept deposits, for example, while others accepted deposits but did not dispense cash. Today’s ATMs are sophisticated computers that can do almost anything a human bank teller can, and have ushered in a new era of self-service in banking.

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