NEW YORK (AP) — 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.
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.
