Automated Teller Machines (ATMs): Benefits & Drawbacks
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Automated Teller Machines (ATMs): Benefits & Drawbacks
35K viewsApr 6, 2020
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The Automated Teller Machine revolutionized banking when it emerged in the late 1960s, providing customers with unprecedented, direct access to their accounts. The first ATM was introduced by Barclays in London in 1967 and by 1969 the technology was spreading globally with banks increasingly embracing the ATM. With advances in computer networking and security, they eventually allowed customers to perform transactions beyond just withdrawals and by the 1980s, ATMs had become ubiquitous, reshaping
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