Cash Issuing Terminals

3 hours ago

The decline of cash usage in the US and other countries, with cards and electronic payments dominating commerce.
Cash automation and its lifecycle, questioning how different it is from e-cash when managed through automation.
Historical banking interactions, from passbook savings accounts to checking accounts and the role of tellers.
The evolution of banking technology, from manual bookkeeping to unit record equipment and early computing.
Bank of America's ERMA system, an early automated check processing system, and its impact on banking technology.
IBM's role in banking automation, including check proofing machines and their transition to electronic systems.
The development of ATMs, starting with token-based systems and evolving into modern online transaction terminals.
IBM's 2984 Cash Issuing Terminal, a significant step in ATM security and the use of encryption.
The IBM 3614 and 3624 Consumer Transaction Facilities, which introduced features like envelope deposits and PIN management.
The decline of IBM's ATM dominance, with competitors like NCR and Diebold taking over the market.
The legacy of IBM's contributions to ATM technology, including cryptographic algorithms and the dumb terminal model.

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