INDEX: ATM Store Fixtures / ATM Mall Kiosks

INDEX:
ATM Store Fixtures
and ATM Mall Kiosks

ATM Store Fixtures / ATM Mall Kiosks

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This ATM Store Fixtures / ATM Mall Kiosks index page aggregates links
to all posts and photos of retail merchandising, display, and outfitting
as well as deep Background courtesy of Wikipedia.

BACKSTORY: 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 are known by a variety of other names, including automatic teller machines (ATMs) in the United States^[1]^[2]^[3] (sometimes redundantly as “ATM machine”). In Canada, the term automated banking machine (ABM) is also used,^[4]^[5] although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM.^[6]^[7]^[8] In British English, the terms cashpoint, cash machine and hole in the wall are also used.^[9]^[10]^[11] ATMs that are not operated by a financial institution are known as “white-label” ATMs.

Using an ATM, customers can access their bank depositor credit accounts in order to make a variety of financial transactions, most notably cash withdrawals and balance checking, as well as transferring credit to and from mobile phones. ATMs can also be used to withdraw cash in a foreign country. If the currency being withdrawn from the ATM is different from that in which the bank account is denominated, the money will be converted at the financial institution’s exchange rate.^[12] Customers are typically identified by inserting a plastic ATM card (or some other acceptable payment card) into the ATM, with authentication being by the customer entering a personal identification number (PIN), which must match the PIN stored in the chip on the card (if the card is so equipped), or in the issuing financial institution’s database.

According to the ATM Industry Association (ATMIA), as of 2015, there were close to 3.5 million ATMs installed worldwide.^[13]^[14] However, the use of ATMs is gradually declining with the increase in cashless payment systems.^[15]

The idea of out-of-hours cash distribution was first put into practice in Japan, the United Kingdom and Sweden.^[16]^[17]

In 1960, Armenian-American inventor Luther Simjian invented an automated deposit machine (accepting coins, cash and cheques) although it did not have cash dispensing features.^[18] His US patent was first filed on 30 June 1960 and granted on 26 February 1963.^[19] The roll-out of this machine, called Bankograph, was delayed by a couple of years, due in part to Simjian’s Reflectone Electronics Inc. being acquired by Universal Match Corporation.^[20] An experimental Bankograph was installed in New York City in 1961 by the City Bank of New York, but removed after six months due to the lack of customer acceptance.^[21]

In 1962 Adrian Ashfield invented the idea of a card system to securely identify a user and control and monitor the dispensing of goods or services. This was granted UK Patent 959,713 in June 1964 and assigned to Kins Developments Limited.^[22]

ATMs can be placed at any location but are most often placed near or inside banks, shopping centers, airports, railway stations, metro stations, grocery stores, gas stations, restaurants, and other locations. ATMs are also found on cruise ships and on some US Navy ships, where sailors can draw out their pay.^[60]

ATMs may be on- and off-premises. On-premises ATMs are typically more advanced, multi-function machines that complement a bank branch’s capabilities, and are thus more expensive. Off-premises machines are deployed by financial institutions where there is a simple need for cash, so they are generally cheaper single-function devices. Independent ATM deployers unaffiliated with banks install and maintain white-label ATMs.

In the US, Canada and some Gulf countries,^[61] banks may have drive-thru lanes providing access to ATMs using an automobile.

In recent times, countries like India and some countries in Africa are installing solar-powered ATMs in rural areas.^[62]

The world’s highest ATM is located at the Khunjerab Passin Pakistan. Installed at an elevation of 4,693 metres (15,397 ft) by the National Bank of Pakistan, it is designed to work in temperatures as low as -40-degree Celsius.^[63] (SOURCE: Wikipedia)

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