This chapter investigates the history of the ubiquitous yet banal Automated Teller Machine, or ATM. There is no single inventor of the ATM. Rather, it emerged through innovation around the globe and across the industry. In order to build a successful ATM system, engineers and bankers had to overcome challenges that ranged from security and authorization to weather-proofing electronics. This chapter surveys some of those developments. Increasingly, ATMs are being designed to offer a variety of services beyond dispensing cash. In the future, the ATM may prove to an important site of automated retail banking and consumer financial services.
|Title of host publication||Paid|
|Subtitle of host publication||Tales of Dongles, Checks, and Other Money Stuff|
|Editors||Bill Maurer, Lana Swartz|
|Publisher||The MIT Press|
|Number of pages||14|
|Publication status||Published - 1 Jan 2017|