Fundamentals of Automated Teller Machines: History and Developments

Automated Teller Machines are one of the delivery channels in any National Payment System. They have been in existence for more than five decades now and yet they are still key access points in any banking sector thereby supporting economic growth and development. How did they come about? What are the key developments that have shaped Automated Teller Machines overtime? What are the best practices that can be applied to ensure safety and security for owners and the transacting public? Can Automated Teller Machines be used to address financial inclusion and if so what has been done across the world to realize this public policy objective from Automated Teller Machines perspective? These issues and several others are addressed in this book, which consists of about 11 chapters. Banking practitioners, financial institutions, regulators in the financial system, educational institutions, governments and the general public will find this enriching book highly useful.