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An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs ...
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 ...
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]
The history of banking began with the first prototype ... (ATM) or cash machines ... 2008 – Washington Mutual collapses, the largest bank failure in history up to ...
It was introduced by the First National Bank of Atlanta on May 15, 1974. It started out at only eleven locations. [4] They were in commerce starting May 20, 1974. [5] Starting 1977, other banks purchased rights to use Tillie the All-Time Teller as their ATM system. By March 21, 1981, they were available at 70 locations, [6] including on a ...
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.
Pulse is an interbank electronic funds transfer (EFT) network in the United States.It serves more than 4,400 U.S. financial institutions and includes more than 380,000 ATMs, as well as POS terminals nationwide.