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With demand for fast access to cash continuing to rise across the globe, one thing is for sure – the ATM may not be history, but it certainly has an interesting history! From humble origins in 1962 as an automated cash deposit machine called a bankograph to modern technological marvels like the biometric ATM invented in Poland in 2010, the popularity of cash machines is growing around the world. With it, so too does the demand for cash grow – even with the advancement of technologies like mobile payment systems.
These days, ATMs are indispensable for collecting quick cash in a pinch. This infographic details the surprisingly storied history behind the ATM, including the development of personal identification numbers (PINs) along with the first optical and magnetic card reader systems. Have you ever found yourself saved by an ATM? Leave a story in the comments!
A History of the ATM [Infographic]
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