ATM Security in the Banking Industry

Contributed by Michael Mozingo

Automated Teller Machines (ATM) are used by millions of individuals every day and play an important factor in the banking footprint. Don Wetzel came up with the idea of the ATM and created the first one with the help of Tom Barnes and George Chastain. (AUTOMATED TELLER MACHINE, 1995). Chemical Bank introduced the first ATM in the United States in September of 1969 (Automated Teller Machines, 2010). Ever since the introduction by Chemical Bank, the ATM has become an important piece of technology to the banking industry as both a means for bank customers to have access to their banking information, and for banks to make money by charging fees for their usage.

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