Posts Tagged ‘atm’

Atm Steel

Tuesday, March 2nd, 2010
Men's Chronograph Stainless Steel Men's Chronograph Stainless Steel
List Price: $115.00
Sale Price: $86.25

This classic Fossil timepiece has a twist of fashion. Its versatility allows this timepiece to display its elegance whatever the occasion.

Atm Steel

Invicta Mens Steel Sport 10 ATM Date 5255 Watch
Invicta Mens Steel Sport 10 ATM Date 5255 Watch
   US $197.50
MENS INVICTA STEEL DIVER 20 ATM ALARM DATE WATCH 6703
MENS INVICTA STEEL DIVER 20 ATM ALARM DATE WATCH 6703
   US $179.95
Invicta Mens Steel Sport 10 ATM White Dial 5254 Watch
Invicta Mens Steel Sport 10 ATM White Dial 5254 Watch
   US $159.99
Bellagio Mens San Marino All Steel 20 ATM Watch NIB
Bellagio Mens San Marino All Steel 20 ATM Watch NIB
   US $121.75
Bellagio Mens San Marino All Steel 20 ATM Watch NEW
Bellagio Mens San Marino All Steel 20 ATM Watch NEW
   US $119.75
Invicta Mens 20 ATM Date Watch 6023 Steel Sports New
Invicta Mens 20 ATM Date Watch 6023 Steel Sports New
   US $107.90
NEW BELAIR STEEL WATCH SWISS QUARTZ 3 ATM
NEW BELAIR STEEL WATCH SWISS QUARTZ 3 ATM
   US $99.00
Bellagio Mens San Giacomo 5 ATM All Steel Watch
Bellagio Mens San Giacomo 5 ATM All Steel Watch
   US $94.50
STEEL MENS WATCH WENGER SWISS MILITARY 20 ATM 79178 NEW
STEEL MENS WATCH WENGER SWISS MILITARY 20 ATM 79178 NEW
   US $87.90
MENS CROTON STEEL 10 ATM Automatic WATCH CA301179SSBK
MENS CROTON STEEL 10 ATM Automatic WATCH CA301179SSBK
   US $87.90
5259 Mens Invicta Steel Classic Day Date 10 ATM Watch
5259 Mens Invicta Steel Classic Day Date 10 ATM Watch
   US $87.90
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5259
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5259
   US $87.90
Fossil FS4448 Analog Mens Watch Stainless Steel 5 ATM
Fossil FS4448 Analog Mens Watch Stainless Steel 5 ATM
   US $85.00
Bellagio Ticino Mens Day Date 5 ATM Steel Watch NIB
Bellagio Ticino Mens Day Date 5 ATM Steel Watch NIB
   US $84.05
Bellagio Mens Ticino Day Date 5 ATM Steel Watch NIB
Bellagio Mens Ticino Day Date 5 ATM Steel Watch NIB
   US $83.05
Bellagio Ticino Mens Day Date 5 ATM Steel Watch NEW
Bellagio Ticino Mens Day Date 5 ATM Steel Watch NEW
   US $82.05
Bellagio Mens Ticino Day Date 5 ATM Steel Watch NEW
Bellagio Mens Ticino Day Date 5 ATM Steel Watch NEW
   US $81.05
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5254
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5254
   US $79.95
5257 Mens Invicta Steel Day Date Watch 10 ATM New
5257 Mens Invicta Steel Day Date Watch 10 ATM New
   US $79.95
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5258
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5258
   US $79.95
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5257
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5257
   US $79.95
MENS CROTON STEEL 20 ATM NEW CHRONO WATCH CC311083SSBL
MENS CROTON STEEL 20 ATM NEW CHRONO WATCH CC311083SSBL
   US $77.90
NEW WOMENS WATCH 79172 STEEL 20 ATM SWISS MILITARY
NEW WOMENS WATCH 79172 STEEL 20 ATM SWISS MILITARY
   US $74.95
20 ATM STEEL DATE WATCH WENGER SWISS MILITARY 79172 NEW
20 ATM STEEL DATE WATCH WENGER SWISS MILITARY 79172 NEW
   US $74.95
SKAGEN MEN WATCH STAINLESS STEEL QUARTZ DENMARK 5 ATM
SKAGEN MEN WATCH STAINLESS STEEL QUARTZ DENMARK 5 ATM
   US $69.99
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301051SSBK
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301051SSBK
   US $57.90
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301051SSDW
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301051SSDW
   US $57.90
Croton CA301167SSYL Watch Steel 20 ATM Date New
Croton CA301167SSYL Watch Steel 20 ATM Date New
   US $57.90
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301100SSBK
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301100SSBK
   US $57.90
Croton CA301167SSDW Watch Steel 20 ATM Date New
Croton CA301167SSDW Watch Steel 20 ATM Date New
   US $57.90
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301100SSDW
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301100SSDW
   US $57.90
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157BKBK
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157BKBK
   US $57.90
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157RDBK
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157RDBK
   US $49.95
NEW MENS STAINLESS STEEL FOSSIL WATCH 10 ATM AM4065
NEW MENS STAINLESS STEEL FOSSIL WATCH 10 ATM AM4065
   US $49.95
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157GRBK
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157GRBK
   US $49.95
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157BUBL
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157BUBL
   US $49.95
Croton CA301166SSSL Watch Steel 20 ATM Date New
Croton CA301166SSSL Watch Steel 20 ATM Date New
   US $49.95
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157RDBL
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157RDBL
   US $49.95
MENS CROTON STEEL 10 ATM DATE NEW WATCH CA301049SSBL
MENS CROTON STEEL 10 ATM DATE NEW WATCH CA301049SSBL
   US $49.95
Croton CA301166SSBL Watch Steel 20 ATM 24 Hour Time
Croton CA301166SSBL Watch Steel 20 ATM 24 Hour Time
   US $49.95
1 ATM Gentel Automatic Mechanical Stainless Steel Watch
1 ATM Gentel Automatic Mechanical Stainless Steel Watch
   US $48.99
MENS WENGER SWISS MILITARY STEEL 20 ATM DATE WATCH 7917
MENS WENGER SWISS MILITARY STEEL 20 ATM DATE WATCH 7917
   US $47.99
MENS NEW JEEP WATCH 10 ATM CLASSIC S STEEL BRN LEATHER
MENS NEW JEEP WATCH 10 ATM CLASSIC S STEEL BRN LEATHER
   US $37.09
WATCHES MENS SILVER STAINLESS STEEL 3 ATM WATERPROOF
WATCHES MENS SILVER STAINLESS STEEL 3 ATM WATERPROOF
   US $22.95
3 ATM Resistant Stainless Steel Ladies Watch SSW511A
3 ATM Resistant Stainless Steel Ladies Watch SSW511A
   US $17.99
3 ATM Water Resist Lady SSteel Bracelet Watch SSW504C
3 ATM Water Resist Lady SSteel Bracelet Watch SSW504C
   US $14.99

Strategic Window in Dynamic Market

What is a Strategic Window?

The term strategic window is the limited periods during which the "fit" between the key requirements of a market and the particular competencies of a firm competing in that market is at an optimum. In this paper we will use VXL Instrument's case to elaborate the concept.
What is VXL's Business?

VXL Instruments is enabling companies around the world build a flexible, secure, manageable and cost-efficient IT infrastructure. Its range of thin client devices helps enterprises beat the cycle of desktop obsolescence, free internal resources from non-productive functions, and save millions of dollars that is spent in securing systems. The thin client is a server-centric computing model in which the application software, data, and CPU power resides on a network server rather than on the client computer.VXL Instruments won "Highest IT-Hardware Exporter Award in Non-SSI category" for year 2006-2007.
VXL's Dilemma

VXL Instruments is leading manufacturer of thin client devices and commands 11% share in global market. Its major chunk of sales comes from export to US and EU. The company is trying to explore new market in India for its thin client devices. Competitors like Wyse and HP offer diverse range of product not only in west but also in India. Therefore, it's high time that company starts thinking about Indian market.
How to market TC in India?

Company's products like TC23xx and TC73xx are reliable and cost-effective. The (thin client) TC can help in eradicating various pain in server based computing. It is very useful in case of SME's (Small and medium scale enterprises) where computing requirements are pretty specific. In case of sectors like hospitality, we need to explore various value unlocking features so that they can charge a premium. The major challenges are following:

1. How to provide maximum utility without making product too much complex?

2. How to convince existing clients to change from fat clients to thin clients?

3. How to market TC in India?

Actually the answer of third question will give us a frame work for finding the answers for first two questions.

I will consider VXL a minimum risk taking company. It's more product centric than customer centric. Therefore, its products are world class but market penetration is not that impressive. Presently, VXL markets its products through client interaction and third party distributors like Priya Limited. This approach reduces marketing expenses but the approach has its own limitations.

In 2005, Mumbai-based distributor Priya Ltd invested $2 million (around Rs 10 crore) in equity in VXL Instruments. The investment was part of the trade finance arrangement that gave VXL $9 million (around Rs 45 crore) aimed at funding its growth.

VXL chalked out expansion plans and a growth strategy with a view to increase its market share of thin client to 25 percent by 2007-2008. It has made inroad in different verticals like ERP, Health, Telecom, Education and Banking with client list including SAP Belgium, Birmingham City Hospital UK, DOT India, British Telecom, IIM Lucknow, IIT Roorkie, Haga Bank Jakarta and HDFC India etc. But presently its market share is much below its target.
Product Awareness & Customer Perception

We can roughly divide the customers into two categories:

* Techno Savvy Customers with financial Muscle: These type of customers, already know about the products (TC) and we need to convince them that thin client is a better option over Fat client. For example Velankani group's upcoming 5-Star hotel in Electronic City, Bangalore. The Velankani's are in IT and infrastructure and they are aware about technology and its implementation. According to Mr. R. Shiva Kumar (Manager Information System, Velankani), these types of customers should better be approached when the product is in its embryonic stage. Once they acquire fat clients (FC) for their project, they won't be interested in TC due to switch over cost. Here we need to market TC as a device which will not only reduce the total cost of ownership but also provide simple solution for all comfort requirements.

* Less Techno Savvy with Medium Range Investment Capabilities: These types of customers don't have their own IT department. They generally play safe and go for the fat client technology being used by other players in their segment. More over they consider their computing needs are minimal and don't find IT investments much attractive. Here, we need to educate them about various advantage of server based computing and advantage of TC over FC. These types of firms should be approached for providing total solution.

Market Redefinition

Frequently, as markets evolve, the fundamental definition of the market changes in ways which increasingly disqualify some competitors while providing opportunity for the others. The trend towards marketing "system" of products as opposed to individual piece of equipments provides many examples of this phenomenon. We will discuss this point with the help of Docutel case.

Docutel: This manufacturer of automatic teller machine (ATM's) supplied virtually all the ATM's in US up to late 1974. In early 1975, Docutel found itself losing its market share to large computer companies such as Burroughs, Honeywell, and IBM as these manufacturers began to look at the banks' total EFTS (Electronic Fund Transfer System) needs. They offered the bank a package of equipment representing a complete system of which the ATM was only a component. In essence their success can be attributed to the fact that they redefined the market in a way that increasingly appeared to disqualify Docutel as a potential supplier.
Conclusion

Market redefinition is not only limited to the banking industry; similar trends are underway in scientific instrumentation (Steel, Cement, and Aluminium Industries), process control equipments (Siemens, Vesuvius and SMS redefined the market); the machine tool industry, office & household equipment (VXL is already a player) and electronic control gear as some of the other examples. In each case, manufacturers basing their approach on the marketing of individual hardware items are seeing their "strategic window" closing as computer systems producers move in to take advantage of emerging opportunities. HP has capitalized sufficient TC market by virtue of some aggressive M&A. In India companies like HCL Technologies and Satyam are planning to enter in TC market as a total solution provider. Wipro is also exploring opportunities in SME. We can expect Wipro to venture in this segment, in near future.

As the competition grows SME's are also becoming lean. Most of firms are following make-to-order philosophy of manufacturing. All these need free flow of materials, information and finances imperative. As the practices are changing, many new applications of networking technology have evolved. Here, we can see a scope for VXL being a consultancy provider and not a mere product manufacturer.

References:

* http://www.vxl.net

* The Windows Embedded Family: An Integrated, Scalable Platform for Building Thin Client Devices(Microsoft)

* Strategic Window: Derek F. Abell(Journal of Marketing)

About the Author

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POLICE'S Nitro by Onsa.
www.worldwatchweb.com - Bold, dangerous and speaking its mind, the Nitro watch is for the man who challenges himself at every turn, making every day count and creating his own destiny.

Atm Date

Monday, June 29th, 2009
MENS CROTON FABRIC CHRONO 3 EYE DIVER 30 ATM DATE WATCH CC311116BSBK MENS CROTON FABRIC CHRONO 3 EYE DIVER 30 ATM DATE WATCH CC311116BSBK
List Price: $375.00
Sale Price: $74.95
Average Rating:

* Precision Japan Quartz Movement * All Stainless Steel Case & Buckle * All Stainless Steel Case & Buckle * Sleek Black Ribbed Fabric Band * Analog with White Luminous Glow in the Dark Hands & Markers * Sharp Carbon Fiber Round Black Textured Face * Three Eye Chronograph w/ Red Hands * Date at "3" Position * Rotating Red Second Hand * Screw Down Crown & Case Back * Precision Japan Quartz Movement * Quality Parts * 30 ATM - 300 m - 1000 ft - Water Resistant * Domed Scratch Resistant Mineral Crystal * Guaranteed 100% Authentic Croton Watch ****Watch Stats**** [FACE] * Style: Analog * Shape: Round * Size: 1-3/4" * Color: Black Carbon Fiber * Hands: White Luminous * Hour Markers: White Numbers * Misc: Red Rotating Second Hand 3 Eye Chronograph Date at "3" Position Glow in the Dark Hands & Markers [BAND] * Material: Fabric * WristSize: 5" to 8" * Width: 1" * Color: Black * Clasp: Buckle Strap * Misc:

Atm Date

Jacques Lemans F4 Worldtime GMT WR 10 ATM Date Cal
Jacques Lemans F4 Worldtime GMT WR 10 ATM Date Cal
   US $225.00
Invicta Mens Steel Sport 10 ATM Date 5255 Watch
Invicta Mens Steel Sport 10 ATM Date 5255 Watch
   US $197.50
MENS INVICTA STEEL DIVER 20 ATM ALARM DATE WATCH 6703
MENS INVICTA STEEL DIVER 20 ATM ALARM DATE WATCH 6703
   US $179.95
ANDRE GIROUD AUTOMATIC 50 ATM DATE WATCH RETAIL $625
ANDRE GIROUD AUTOMATIC 50 ATM DATE WATCH RETAIL $625
   US $125.00
Invicta Mens 20 ATM Date Watch 6023 Steel Sports New
Invicta Mens 20 ATM Date Watch 6023 Steel Sports New
   US $107.90
5259 Mens Invicta Steel Classic Day Date 10 ATM Watch
5259 Mens Invicta Steel Classic Day Date 10 ATM Watch
   US $87.90
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5259
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5259
   US $87.90
Bellagio Ticino Mens Day Date 5 ATM Steel Watch NIB
Bellagio Ticino Mens Day Date 5 ATM Steel Watch NIB
   US $84.05
Bellagio Mens Ticino Day Date 5 ATM Steel Watch NIB
Bellagio Mens Ticino Day Date 5 ATM Steel Watch NIB
   US $83.05
Bellagio Ticino Mens Day Date 5 ATM Steel Watch NEW
Bellagio Ticino Mens Day Date 5 ATM Steel Watch NEW
   US $82.05
Bellagio Mens Ticino Day Date 5 ATM Steel Watch NEW
Bellagio Mens Ticino Day Date 5 ATM Steel Watch NEW
   US $81.05
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5254
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5254
   US $79.95
5257 Mens Invicta Steel Day Date Watch 10 ATM New
5257 Mens Invicta Steel Day Date Watch 10 ATM New
   US $79.95
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5258
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5258
   US $79.95
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5257
MENS INVICTA STEEL SPORT 10 ATM DAY DATE NEW WATCH 5257
   US $79.95
5258 Mens Invicta Classic Day Date 10 ATM New Watch
5258 Mens Invicta Classic Day Date 10 ATM New Watch
   US $79.95
20 ATM STEEL DATE WATCH WENGER SWISS MILITARY 79172 NEW
20 ATM STEEL DATE WATCH WENGER SWISS MILITARY 79172 NEW
   US $74.95
WOMENS WENGER SWISS MILITARY 20 ATM DATE WATCH 79172
WOMENS WENGER SWISS MILITARY 20 ATM DATE WATCH 79172
   US $74.95
MENS WENGER SWISS MILITARY 10 ATM NEW DATE WATCH 72613
MENS WENGER SWISS MILITARY 10 ATM NEW DATE WATCH 72613
   US $72.90
Wenger Swiss Military 72613 10 ATM Date Watch New Mens
Wenger Swiss Military 72613 10 ATM Date Watch New Mens
   US $72.90
24951 Swiss Army Watch Womens Victorinox 10 Atm Date
24951 Swiss Army Watch Womens Victorinox 10 Atm Date
   US $69.95
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301051SSBK
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301051SSBK
   US $57.90
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301051SSDW
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301051SSDW
   US $57.90
Croton CA301167SSYL Watch Steel 20 ATM Date New
Croton CA301167SSYL Watch Steel 20 ATM Date New
   US $57.90
MENS CROTON SPORTY 10 ATM DAY DATE WATCH CA301122BSDW
MENS CROTON SPORTY 10 ATM DAY DATE WATCH CA301122BSDW
   US $57.90
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301100SSBK
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301100SSBK
   US $57.90
Croton CA301167SSDW Watch Steel 20 ATM Date New
Croton CA301167SSDW Watch Steel 20 ATM Date New
   US $57.90
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301100SSDW
MENS CROTON STEEL 10 ATM DAY DATE WATCH CA301100SSDW
   US $57.90
MENS CROTON SPORTY 10 ATM DAY DATE WATCH CA301122BSBK
MENS CROTON SPORTY 10 ATM DAY DATE WATCH CA301122BSBK
   US $57.90
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157BKBK
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157BKBK
   US $57.90
MENS CROTON RUBBER 10 ATM DAY DATE WATCH CA301108BSBK
MENS CROTON RUBBER 10 ATM DAY DATE WATCH CA301108BSBK
   US $54.95
BRAND NEW TITAN MENs SCUBA DIVER 10 ATM DAY DATE WATCH
BRAND NEW TITAN MENs SCUBA DIVER 10 ATM DAY DATE WATCH
   US $50.00
STYLISH ANDRE GIROUD BY CROTON DATE QUARTZ 3 ATM WATCH
STYLISH ANDRE GIROUD BY CROTON DATE QUARTZ 3 ATM WATCH
   US $49.99
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157RDBK
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157RDBK
   US $49.95
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157GRBK
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157GRBK
   US $49.95
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157BUBL
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157BUBL
   US $49.95
Croton CA301166SSSL Watch Steel 20 ATM Date New
Croton CA301166SSSL Watch Steel 20 ATM Date New
   US $49.95
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157RDBL
MENS CROTON STEEL 20 ATM SPORTY DATE WATCH CA301157RDBL
   US $49.95
MENS CROTON STEEL 10 ATM DATE NEW WATCH CA301049SSBL
MENS CROTON STEEL 10 ATM DATE NEW WATCH CA301049SSBL
   US $49.95
Croton 10 atm day date mens watch ca301122bsdw sporty
Croton 10 atm day date mens watch ca301122bsdw sporty
   US $49.95
MENS WENGER SWISS MILITARY STEEL 20 ATM DATE WATCH 7917
MENS WENGER SWISS MILITARY STEEL 20 ATM DATE WATCH 7917
   US $47.99
New Timex Unisex Indiglo Date Watch 5 ATM T28612
New Timex Unisex Indiglo Date Watch 5 ATM T28612
   US $29.95
PHILIP PERSIO CHRONO5 ATM WATERPROFALARMDATE
PHILIP PERSIO CHRONO5 ATM WATERPROFALARMDATE
   US $29.00
WATCHES MENS DESIGNER DATE WATCH 3 ATM WATERPROOF
WATCHES MENS DESIGNER DATE WATCH 3 ATM WATERPROOF
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The History of ATM Machines

The history of the ATM dates back to New York City in 1939 when inventor Luther George Simjian got a bank to publicly try the machine. The effort failed due to lack of customer interest at that time. In 1960 a bank in New York City had a cash machine predecessor (the Bankograph) installed that would free up tellers by accepting utility bill payments.

The next automated cash dispenser development was developed in 1964. An electronic ATM was set out in North London (UK) but it was very different in the way it worked than modern equipment. This machine would dispense ten pound sterling amounts of cash in exchange for a teller purchased voucher.

The current machine style was a creation of British engineer James Goodfellow. In 1965 he patented the cash machines that were the forerunners of what we use today. There was one type of ATM introduced in 1968 that always ate the prepaid plastic card and users would then have to buy a replacement from a teller.

In 1969, Donald C. Wetzel developed for Docutel the first machines utilizing the cards with magnetic strips. Since Docutel was the first company to get a patent for this type of machine, the Smithsonian Museum gives them credit for being the originator. The public still had problems with accepting and trusting money machines. The machine proved to be very costly to operate.

Docutel led the way to the modern ATM machine in 1971 when they produced a full-function ATM called Total Teller. By 1973, these machines were capable of issuing cash in variable amounts. By 1974 the online networking component was added which led to ATMs as we know them now.

Today automated cash machines are more common than drinking fountains and are so prevalent they are very easy to locate. They are found worldwide, even as distant as Antarctica. The ability to use a small plastic debit or credit card to withdraw cash as needed from these machines is just so easy. Some banks use ATM stations for speed and convenience, replacing regular human tellers. The popularity is not surprising considering the convenience. Consumers no longer be concerned about carrying cash, a stack of credit cards, checks or other financial instruments. ATM machines can be adjusted for ticket selling, concert ticket sales and gift certificates.

What did businesses and the public do before the invention of the ATM machine business? Prior to the availability of ATM machines for sale it was necessary to make a trip to the bank during regular business hours for a cash withdrawal. Another alternative was to carry personal checks around and overwrite the amount at the grocery store or other locations that might allow that type of transaction.

There is a growing ATM machine business opportunity for those willing to bring a machine into their store or business location. Modern automated teller machines can access many different interbank networks. Most banks and retail outlets make money by charging a usage fee when the ATM is used.

About the Author

Make Money Like the Banks - Own an ATM.
ATMone is one of the fastest growing providers of ATM solutions in the United States. They have partnered with Hyosung, Triton and Tranax, to provide next generation ATM solutions that offer quality, reliability, and security.
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