Tuesday May 24, 2022

New generation ATMs

Because first-generation ATMs in the 1960s did not have online access to information about the balance of the client and worked off-line, banks were very careful in selecting clients. They served only the clients of the branch with which they were managed bn or ekov

At the same time, the ATMs did not have a screen, and the client’s identification was served by rubbers, which the ATM seized after the transaction, and the clients received them sweat, usually with a new entry from here. For its simplicity, this system was popular with clients.

About 80% of the ATMs were manufactured by Docutel. In the next decade, this company lost its market leadership, which was shared by Diebold, NCR.
and IBM. Among the pins of the demise of its vile, there was a persistent effort to push its own magnetic stripe (three tracks separated by gaps) against the American Bankers Association standard (three tracks in one strip) and weak marketing and high failure rates of its ATMs.

The growth of the sweat ATM was slow. In 1971, the first types of ATMs were used by about 35 American banks (for example, Wells Fargo ordered an incredible 100 pieces at the time). By 1975, there were more than 5,000 of them in operation in the world, of which 3,140 were at 534 American banks. Two years later, the number of ATMs in the United States doubled to 6,000, and in 1981 their number exceeded 20,000. Citibank became the largest ATM operator in the United States in the late 1970s, with more than 400 ATMs in 1979. In 2001, BankOne, with 12,000 ATMs, took the lead, followed by American Express (8,700) and Wells Fargo Bank.

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Similarly, the development of the gradual growth of sweat ATMs can be observed both in the United Kingdom and in other countries. Later, the individual ATMs were connected to all national and finally international systems. The low level of security of the first ATMs was soon revealed by fraudsters, who began large-scale production of counterfeit sodas.

From 1971, ATMs with magnetic stripe cards were gradually used, which were quickly replaced by rubble. At the end of the 70’s, a kind of generation of ATMs came into being, which had cheaper operation and used safe technology. Client ovens have been introduced when (PIN). Ifrygraphic methods were used to indicate the magnetic stripe (limit, which was used by transactions, PIN, etc.), a specialist of the British Army and the MI5 secret service participated in their construction. Transaction data was entered into the penet center electronically.

In 1972, Lloyds Bank launched the first online ATM in the UK called Cash-Point. They were developed by IBM and used plastic magnetic stripe cards, enabling online authorization in the bank’s ethical system. A year later, Fujitsu introduced the technology in Japan. Since the mid-1970s, banks have only installed new-generation ATMs and replaced the original first-generation off-line ATMs with them by the end of the decade. Some banks connected their ATMs to the central information system online permanently, others operated them off-line and connected them several times a day to ensure the transfer of data on transactions, and the other banks connected them only once a day, or updated information on other ATMs. help floppy disks.

You can find HERE at the Diebold ATM (source Diebold, Incorporated).

Thanks to the improved operation of the ATM, there was an arrest similar to their mass deployment. Citibank became the first bank to introduce ATMs on a large scale in 1972. He gave his development and gave his inventions. Nap. in 1979, IBM developed the DES (Data Encrypting Standard) DES algorithm. This algorithm began to be used a year later to code and decrypt the personal PIN code.

The introduction of ATMs into the business strategies of retail banks made it possible to bear the operating costs of banks, as they effectively replaced the work of cashiers and saved the space necessary for cashiers and their land at branches. This made it possible to serve more clients in their deposits and helped to dream the number of bank branches and thus change their area. In 1977, he launched his own American Express ATMs. Dritelm filled out his cards with travel cards.

When the ATM market began to develop, the American company Diebold decided to enter it. In 1967, at the American Bankers Association conference, she introduced the concept of a universal ATM with a pay-as-you-go and deposit function, which was developed by the then-supplied bank cash register systems with pneumatic pension. In order for the company to quickly enter the developing market, it decided to enter into an agreement with an Japanese ATM manufacturer.

Money Dispenser MD 400, named later Mad Dog (only a dog) for its unpredictability, was launched on the market. The banknotes were slipped on staples and the ATM accepted the cards with the receipt and PIN recorded in the card. During the transaction, the ATM seized the card and the client could pick it up at the branch the next day for a new use. This was impractical and could not compete with Docutel ATMs. Diebold therefore decided to take two steps:

1. He stopped selling this type of ATM.
2. He informed his clients that the delivered ATMs would be purchased back against the order of a new series of ATMs.

In June 1973, Diebold offered the bank a TABS 500 (Total Automated Nankiny System) ATM, which was the first to have a programmable screen, enabled cash deposits and worked off-line. By the end of 1974, all first-generation MD 400 ATMs had been replaced by this new model, and Diebold has since become the largest supplier of ATMs in North America.

Due to the complexity of the technology, the production of ATMs today takes only about ten fi rem. The largest ATM suppliers in Europe are NCR, Diebold and Wincor-Nixdorf, which together control about 80% of the market. ATMs crossed the national border in 1983, when VISA and a year later the Eurocheque built the first international st.

It was in the mid-1980s that the third generation started an ATM and in the late 1980s the fourth generation began to take advantage of personal sweat. We are currently witnessing the introduction of five generations of cash dispensers that use Internet technology (so-called web-enabled ATM). Umouj nap. issue stamps, tickets, tickets, or track the results of sports events, or display advertisements using the Customer Relationship Management (CRM) system.


The operation of the first ATMs was not an easy task and the working banks brought a number of problems and sleepless nights. The banknotes got stuck in the cheating mechanism, so clients often did not get their cards back, which were then picked up by cashiers from these facilities. Memories remember a series of her laughter stories today.

The ceremonial opening of the first ATM in the USA at the Chemical Bank branch in New York went smoothly. Mole after nm, the bag began to fall sharply. When Tom Garret, a Docutel technician, took the company on a flight and headed back to the bank, he found Don Piercy’s Chemical Bank project in his room behind an ATM with his sleeves rolled up. Next to him stl kbl with rags to wipe the water she drained from the ATM. Tom could only make a brief remark: It’s never been like this in our laboratory.

This experience has led to design changes for ATMs. The start and the actual mechanism of the ATM were then placed horizontally, so the water could have flowed badly after the ATM.

The story goes about the operation of an ATM in the Texas city of Corpus Christi. The largest city bank organized a ceremony for the public, the press and television. The president of the bank significantly inserted his card into the cabinet. The ATM swallowed the card, recalls Bob Heckman, Docutel’s former vice president of sales and marketing, made a few unusual noises, and promptly wiggled the card wrinkled and torn. As the bank saw this, the moderator of the celebration remarked: Well, I think there is a lot of error that you have to eliminate.

Technicians from a bank in Seattle took revenge for the problems with operating the first generation of ATMs, when in 1984 the last 200 Docutel ATMs were removed. For all the damage caused by non-entrance to ATMs, jammed suits with banknotes, ironing of banknotes so that they do not stick in the cheating mechanism (after removing the suit method) and looking for sunken cards in the equipment, each it caused him the most suffering.

Excerpts from the book
Pavla Juka: Encyclopedia of Payment Cards

1. dl: How to pay securely on the Internet?

Step 2: How did the river come about?

Step 3: How did the pensions come about?

4. dl: How banking originated

5th dl: When did the papyr pension arise?

6. dl: Pensions and echoes: when was the crown created?

7. dl: How are banknotes printed?

8. dl: Protection of banknotes against counterfeiting

9. dl: How and where the payment cards were created

10. dl: How payment cards were created-II

Debt 11: Who issued the first universal payment card

Debt 12: When did banks start issuing cards

13th dl: How MasterCard cards were created

14. dl: How the VISA cards were created

DL 15: The role of payment cards in Europe

16. dl: Payment cards in Europe and their arrests in R

DL 17: What caused the boom in payment cards

18. dl: Payment cards: magnetic stripe

19. dl: How to make cards

Year 20: How the first ATMs were created


ryvek is from the bookEncyclopedia of payment cardsvydan nakladatelstvm City Publishing, who published publications in the FINANCE edition such as:
Make a investment, 2nd born ed
Investovn pro zatenky
Financial Mathematics Pro, 5.vydn

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