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.
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About bbatiz

I have edited NEP-HIS since 1999 and its blog in 2010. My background is economics and business history. I am currently at Northumbria University (Newcastle) and my research interests are broadly in applications of computer technology, retail banking and the cashless society.

1 thought on “How the rise of cash machines changed payday

  1. Pingback: Counting On Currency's Cash Per Diem - November 2021 Links - Counting On Currency

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