1. An Overview on Automated Teller
Machines
The ATM was a revolution in technology since its introduction in the
1960s. It takes care of our routine banking transactions. Now, it has
become a part of our daily life. The technology has eased the money
related troubles for the people to a great extent. Going back to the memory
lane, the first ATM got installed in London at the Barclay Bank branch. It
was considered revolutionary. Since its inception, the ATM has become
more than cash dispensing machines. People are able to carry their
banking activities in the ATM as well. You can even deposit money and
pay your bills through the ATM.

2. Since ATM has become a part of our daily life, it is imperative to
understand the background it holds. You also need to understand the
technical development and the capabilities of the ATM. Find below the
preface to the Automated Teller Machines and its significance to the
world.
The history of the ATM goes back to the year 1968 when the first ATM
was introduced to the people that accepted the card. The credit goes to the
Barclay Bank in London. But this was not the first incarnation of the
ATM. The First National City Bank, better known now as the Citi Bank,
first launched the version of the ATM known as the Bankograph in its
branches all over America in the year 1960. The machine could only help
the people in paying their bills and not withdraw cash. And all this could
be done without the help of the bank staff. The first version of cash
dispensers by Barclay in 1968 regularly swallowed card was vulnerable
and not foolproof.
These early developments led to the growth of these cash dispensing
machines in North America and Western Europe. In the year 1969, the
Chemical Bank in the city of New York used magnetically programmed
plastic in the machine for the first time. The take up was slow initially as it
was not cost effective. The running cost for the Docutellers were way
beyond human tellers. It proved very costly to the banks. A modified
version of the machine was introduced in the year 1970. Since then, the
Automated teller Machines have increased in banks all over the continent.
In the present world, the ATMs are very popular all over. The experts have
estimated that there are a huge number of cash dispenser machines per
capita in the developed countries such as the UK, the USA, Canada and
Japan. They have also revealed in the last decade, that there has been a
steady growth in the bank machines in India and China because of their
economic stability. The number of ATM machines has increased in India
and so has the number of functions along with it. Apart from withdrawing
of depositing the money in the ATM, you can also perform a lot of other
activities. With the new facilities available, you can also pay your bills, put
credit on your mobile phone, apply for a check book etc. All the activities
for which you had to go to the bank is now aptly done at the ATM.

3. With the changes in the software, the security issue has arisen over the
Automated Teller Machine. People are advised to keep their pin number
secret to avoid any fraud. Still, there is room for improvement over the
security of the ATM.
Contact Us:
U.S. CASH ATM's, Inc.
7722 West 99th Street
Hickory Hills, IIlinois 60457
Contact :-
Tel : (708) 598-7200
Fax : (708) 598-7260
Free : (888) 828-4774