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John Shepherd-Barron is credited with inventing the first ATM in 1967 at a Barclays Bank in London. While the machine provided convenience for accessing cash outside of banking hours, early ATMs faced resistance from consumers and banks who were wary of the technology. Through the 1970s, standards developed for ATM networks using debit cards and PINs. By the 1990s, ATMs were widely used and fees charged by banks for using out-of-network ATMs increased over time, showing that while ATMs provided convenience,
- Author
- fredwine
- Language
- EN