How the rise of cash machines changed payday

The first Bankomat in Tel Aviv opened to the public in 1970. IPPA Staff, The National Library of Israel, Israel – CC BY. Europeana

After payroll went digital, people still needed cash, mobbing bank branches on paydays. In the 1970s, banks started making big investments in a new innovation: the Automated Teller Machine.

[See full article in ReThink Quarterly (15 October 2021).]

Early cash machine activation token (Bankomat). Courtesy of Lars Ardvisson.