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- ATMs are known as automated teller machines or cash machines
- John Shepherd Barron installed the first cash machine in London in 1967
- Reg Varney, a TV actor, was the first person to use an ATM
- Luther Simjian invented the Bankmatic ATM
- James Goodfellow also patented an early ATM
- Controversy remains over the true inventor of the first ATM
- ATMs provide banking services without bank employees
- Advantages of ATMs include accessibility and convenience
- ATMs continue to evolve to offer advanced features like deposits and transfers
- ATMs are expanding globally with a new one appearing every three minutes
- Connectivity is essential for efficient ATM operation
- Cash is still widely used, ensuring the ongoing evolution of ATMs
- Citibank India opened in 1902 with extensive ATM network
- America’s first ATM opened in New York in 1969
- Connectivity supports fast transactions, data transmission, and advertising
