Facts about ATMs

• Donald Wetzel is credited as the inventor of the first networked ATM. He created the machine while working for the Docutel Company in Dallas, Texas, during the 1960s.
• ATM customers spend an average of twenty to twenty-five percent more than non-ATM customers.
• Automated teller machines are actually kiosk computers with a keypad and screen.
• Automated teller machines are known by various other names including automatic banking machine, cash machine, and various regional variants.
• Sixty percent of Americans ages 25-34 and fifty percent ages 25-49 use Automated Teller Machines eight times a month, withdrawing an average of 55 dollars per transaction.
• Automated teller machines have eliminated the need to enter a bank for basic transactions and allow access to accounts at machines throughout the United States and the world.
• In 1994, there were 8.3 billion ATM transactions in the United States.
• Bank ATMs average 6,400 transactions per month.
• Friday is the most popular day for ATM usage.
• Among people that use both debit and credit cards, debit cards are used most often.
• Retail location ATM machines that dispense $20.00 bills increase store sales by over eight percent.
• The use of ATMs has cut service staff in traditional banks, impacting employment in the industry.
• Approximately every five minutes a new ATM or automated teller machine is installed.
• Shared automated teller machine Networks came to existence only by early 80’s.