The Role and Evolution of Automated Teller Machines (ATMs)
Automated Teller Machines (ATMs) have become an essential component of modern banking, enabling customers to access financial services quickly and conveniently. Since their introduction in the late 1960s, ATMs have evolved from simple cash-dispensing units to multifunctional banking terminals, supporting a wide range of services and playing a vital role in financial inclusion.
Introduction to ATMs
An Automated Teller Machine is an electronic banking device that allows customers to perform basic financial transactions without the need for direct interaction with bank staff. ATMs are placed in banks, retail stores, transport hubs, and remote locations, ensuring round-the-clock access to banking services.
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