ATM at 50: An oddity then, but it changed consumer behaviour

Ken Sweet, The Associated Press</span>
Published Thursday, September 21, 2017 10:43AM EDT

NEW YORK -- The ATM, best known for spitting out $20 bills, turns 50 years old this year.

While ubiquitous now, they were a revolution in the banking industry and trained people to interact with kiosks in exchange for goods. That means getting movie tickets and boarding passes with a tap and self-checkout at grocery stores.

Newer ATMs have more functions than ever. They accept check deposits, can transfer money between accounts, show an account balance, pay a credit card or mortgage payment, even sell you stamps. NCR, an ATM manufacturer, say the latest models are designed to act more like smart devices with swiping and other features.

Future ATMs will likely start selling products. Have a checking account? The ATM will ask if you want a brokerage account. Much like tellers did.

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