Cash Box: The Invention and Globalization of the ATM

Any historical account of banking, business, technology or self-service would be incomplete without the story of the ATM. Though invented over 50 years ago, this simple machine has survived competing technologies, evolving consumer habits and cultural shifts.

Thoroughly researched and documented, Cash Box: The Invention and Globalization of the ATM guides you on a journey through the ancient origins of money to the sudden appearance of cash dispensers in the 1960s. The book unravels the machine’s invention story and reveals intriguing historical facts:

• How the PIN came to be
• Why IBM backed out of ATM manufacturing
• How MasterCard and Visa inadvertently doubled the ATM footprint they now seek to suppress
• How the machine has thrived despite massive regulation and fraud
• The story of the global ATM Industry Association
• Why so few non-cash ATM functions were accepted by customers
• The truth about the cashless society

This book will arm you with all the pertinent data you need to analyze the rise of the ATM industry’s various sectors, including cash management, security, transaction processing and software.

Whether you work in banking, payment research, cards, mobile, security, IT, or any other related area in the industry, this special 50th anniversary edition of Cash Box will reacquaint you with the groundbreaking technology that brought cash to the masses.

“This book is a much-needed and commendable contribution to understanding the rise of the self-service consumer society most of the world lives in today.” –Mike Lee, CEO, ATM Industry Association

About the Authors

Tom Harper is CEO of Networld Media Group, publisher of ATMmarketplace, Mobile Payments Today, Virtual Currency Today and seven other industry information portals. He is the founding director of the ATM Industry Association (ATMIA). His related works include three editions of the ATM Future Trends Report, an international research project encompassing every sector of the industry.

Bernardo Bátiz-Lazo, Professor of Business History and Bank Management at Bangor University in Wales, has written on ATMs for international journals and magazines since 2000. He has been featured on BBC radio, participated in the Payment Systems Group at University of Cambridge, and has spoken at the Federal Reserve Bank of Kansas City.