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All were online and issued a variable amount which was immediately deducted from the account. A small number of 2984s were supplied to a U.S. bank. A couple of well known historical models of ATMs include the Atalla Box, [50] IBM 3614, IBM 3624 and 473x series, Diebold 10xx and TABS 9000 series, NCR 1780 and earlier NCR 770 series.
Money Access Center (MAC, also Money Access Card) was an ATM network in the Mid-Atlantic and Midwestern United States, between 1979 and 2005, when it was absorbed into the STAR network. The network was one of the first in the nation, and helped universalize ATM banking.
The first ATMs were designed to dispense a fixed amount of cash when a user inserted a specially coded card. [32] A Chemical Bank advertisement boasted "On Sept. 2 our bank will open at 9:00 and never close again." [33] Chemicals' ATM, initially known as a Docuteller was designed by Donald Wetzel and his company Docutel. Chemical executives ...
As of the 2010s, the combined Pulse/TYME network included about 81,000 ATMs and 457,000 merchant point-of-sale locations. [citation needed] For the purposes of familiarity, some bank locations retained the former slot for the TYME signage and use a replacement slide with "ATM" rendered in the Neil Bold font used by TYME. [7]
1656 – The first European bank to use banknotes opened in Sweden for private clients, in 1668 the institution converted to a public bank. [ 213 ] [ 214 ] [ 215 ] 1690s – The Massachusetts Bay Colony was the first of the Thirteen Colonies to issue permanently circulating banknotes .
The list excludes the following three banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council because they are not holding companies: Zions Bancorporation ($87 billion in assets), Cadence Bank ($48 billion in assets) and Bank OZK ($36 billion in assets).
Union Planters, with nearly 900 ATMs located in 12 states, was a charter member. [7] In December 2003, the regional supermarket chain Minyard Food Stores installed MoneyPass ATMs at its 72 stores. [8] By June 2004, MoneyPass had 200 participants and 8,000 ATMs. [9] Zions Bank joined in September 2004, adding 200 ATMs in Utah and Idaho. [10]
It is the largest interbank network in United States, with 2 million [1] ATMs, [2] 134 million cardholders and over 5,700 participating financial institutions. The STAR Network began in 1984 and was acquired by First Data Corporation in 2003. [3] The network is owned and operated by STAR Networks, a subsidiary company of First Data.