Where was the deposit and withdrawal machine invented?

Today, everyone can feel that modern technology is developing at an unimaginable speed. Take ATM as an example, this high-tech product with mechanical, electrical and optical integration is constantly innovating, its functions are constantly improving, and its scientific and technological content is getting higher and higher. As far as the simplest deposit and withdrawal function is concerned, the current ATM has developed from a single ATM plus a single manual envelope deposit in the 1990s to an automatic withdrawal and automatic deposit today, and it can realize the automatic circulation function of deposit and withdrawal cash. Nowadays, this automatic deposit and withdrawal recycling machine is very popular in the banking system, especially among ATM operators.

The ATM market in China continues to grow at a high speed, with the number of ATMs per million people rising from 104 at the end of 2007 to 20 1 1 265 at the end of the year. However, ATMs are mainly distributed in large and medium-sized cities, and the distribution rate in small and medium-sized cities and rural areas is still very low. The introduction of the new policy has changed this situation and accelerated the deployment of ATMs by banks in rural areas. On 20 1 1 July11day, the People's Bank of China issued the Announcement on Promoting Agricultural Bank Card Withdrawal Service, proposing to achieve basic coverage of agricultural bank card withdrawal service in rural towns and administrative villages by the end of 20 13. This policy was implemented on 20 12 1.

20 12 is an unusual year for the ATM market in China. This year, more commercial banks joined the queue to buy ATMs, not only first-tier cities, second-and third-tier cities, but also many county banks, some of which deployed ATMs as upgraded versions: CRS [1].