ATM Machine Facts

1. ATM customers spend an average of 20 to 25% more than non-ATM customers.
2. 60% of Americans ages 25-34 and 51% ages 25-49 use ATM machines 8 times a month, withdrawing an average of $55.00 per transaction.
3. In 1994, there were 8.3 billion ATM transactions in the United States.
4. Bank ATMs average 6,400 transactions per month.
5. The most popular day for ATM usage is Friday.
6. Among people that use both credit and debit cards, debit cards are used most often. 5.9 times per month versus 5.1 times per month.
7. Independent studies show that cash retention among large retailers is 30-33%. Retention among smaller retailers is 35-40%.
8. Nightclubs are seeing 70-80% of the dispensed cash staying at the club.
9. Retail location ATM machines that dispense $20.00 bills increase store sales by over 8%.
10. Luther George Simjian was believed to be the inventor of ATM machines by .ATMmachines.com
11. There are over 1.2 million ATMs installed worldwide, according to estimates by Retail Banking Research Ltd.
12. Approximately every 5 minutes a new ATM is installed.
13. According to Thomson Media’s ATM and Debit News, the number of ATMs currently deployed in the U.S. alone is about 371,000.
14. Various industry bodies help to self-regulate the ATM industry including banking associations, electronic funds transfer associations, network associations and the internationally active ATM Industry Association (ATMIA).
15. The ATM is one of the most important technological inventions of the second half of the twentieth century, helping to create the 24 X 7 open convenience demanded by the consumer society.
16. The ATM provides millions of cardholders around the world with convenient 24 X 7 all hours’ access to their own banked cash near to where they live, work and shop.
17. ATMs have made banking more convenient today than ever before: with the touch of a few buttons, cardholders can withdraw cash, make deposits, top up air time, pay bills and transfer funds.
18. The industry does care about the security of cardholders and has formed a Global ATM Security Alliance (GASA) to combine global security resources to stamp out crime and fraud connected to ATMs.
19. Customer security is a key consideration when choosing sites for ATMs.
20. Shared ATM Networks came to existence only by early 80’s.
21. ATM Stands for Automated Teller Machines. Initially they are used instead for Trained Human tellers.
22. NCR, Diebold, Fujitsu, Triton are most common ATM machine models.
23. Using PIN number was the most familiar way of authenticating the user in an ATM machines. But many alternate ways like, Retina Scan method, facial recognition, Finger print authentication and many other things were also in research.
24. In order to with access our accounts using ATMs we have to own a Credit card or a Debit card from respective bank.Apart from withdrawing the money, we can check account balance, transfer money, Change PIN, deposit funds, Mini Statements.