Technological Advancements in Automatic Teller Machines

When it comes to self-service banking, you should remember that it first started in 1939 when Luther George Simjian invented Bankograph. Of course, it did not work as an automatic teller machine, but it accepted deposits in coins, cash, and checks.

The only bank that had it was the City Bank of New York, but the Great Depression created turmoil, so executives removed it. The main reason for that is that people did not trust robots.

Thirty years afterward, Barclays Bank in London introduced a cash-dispensing automatic teller machine that revolutionized self-service banking. Today, you can find millions of ATMs available worldwide, almost everywhere you can think of.

At the same time, people started trusting machines, so the number of transactions increased significantly. Therefore, they use devices for numerous financial transactions, including deposits, transfers, and withdrawals.

It is vital to learn more about ATM Service in Salem and Eugene, …