first Automated Teller Machine (ATM), a technology which brought transformation
in the way people obtained and used cash, on Tuesday clocked 50 years. Now there are an estimated three million cash machines across the globe with some 70,000 cash machine.
The ATM is said to be designed
to transform people’s ability to manage their finances by giving customers
access to cash outside bank branch opening hours. Despite the rise in
other new technologies such as online and mobile banking, the ATM remains
popular 50 years on.
The ATM machine is most likely older than you.