Future of ATMs questioned as electronic banking options grow. (automatic teller machines)

National Petroleum News, September, 1996 by Abcede, Angel

The future of automatic teller machines (ATMs) remains uncertain despite their growing presence in gasoline stations and other retail outlets. About 47% of households currently use ATMs at least once a month while usage rates have increased by 15% each year. However, members of the credit industry believe that ATM usage could decline with the advent of home banking, point-of-sale systems and smart cards.

Just as the deployment of automatic teller machines (ATMs) reaches new heights at gasoline stations, convenience stores and even fast-food chains, those in the credit and debit industries have begun to question the future of ATM usage in an expanding world of electronic banking.

At-home access to bank accounts through touch-tone phones and personal computers;...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.