“Between credit cards, debit cards, Apple Pay and Venmo, the need for cash is on the decline — and so is the ATM. And yet North American and European banks aren’t necessarily decreasing ATM production or removing the machines. Some banks, including Wells Fargo and Chase Bank, are instead recreating the ATM.
A new article in Smithsonian Magazine by Linda Rodriguez McRobbie explores the history and evolution of the ATM”, from a “cash vending machine” in the 1960s to what may become a mini-branch in the next few years. While a few different companies were working to create the first ATM in the mid 20th century, Barclay’s released the first official cash dispenser in 1967. In 1969 ATMs made their debut in Japan and New York City.”
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