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New Book Details the History of the ATM

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SOURCE: Networld Media Group

“Cash Box” is the first comprehensive look at the history of the device that forever changed banking.

(PRWEB) February 21, 2013

Networld Media Group, publishers of ATMmarketplace.com and other leading business-to-business web portals, has published “Cash Box: The Invention and Globalization of the ATM,” the first book to detail the five-decade history of the simple cash-dispensing machine that has survived competing technologies, evolving consumer habits and cultural shifts.

Thoroughly researched and documented, “Cash Box” guides readers on a journey through the ancient origins of money to the sudden appearance of cash dispensers in the 1960s. The book unravels the machine’s invention story and reveals intriguing historical facts:

• How the PIN came to be
• Why IBM backed out of ATM manufacturing
• How the machine has thrived despite massive regulation and fraud
• The story of the global ATM Industry Association (ATMIA)
• Why so few non-cash ATM functions were accepted by consumers
• The truth about the cashless society

“The ATM is currently undergoing some significant evolutionary developments,” writes ATMIA CEO Michael Lee in the book’s foreword. “As a futurist, I know you cannot understand where a technology is going until you know where it comes from. This book is a much-needed and commendable contribution to understanding the rise of the self-service consumer society most of the world lives in today.”

“Cash Box” is sponsored by Pendum, the nation’s largest independent ATM service provider, and is available for purchase as a single copy or in bulk, with customization options available. To purchase an individual copy, click here: http://www.networldmediagroup.com/inc/sdetail/8593/14915. For bulk purchase options, please contact Liz Matney lizm(at)networldmediagroup(dot)com.

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