30th June 2017
This week marks the 50th anniversary of the automated teller machine — better known to most people as the ATM or cash machine. Thanks to the myriad methods thieves have devised to fleece unsuspecting cash machine users over the years, there are now more ways than ever to get ripped off at the ATM. Think you’re good at spotting the various scams? A newly released ATM fraud inspection guide may help you test your knowledge.
The first cash machine opened for business on June 27, 1967 at a Barclays bank branch in Enfield, north London, but ATM transactions back then didn’t remotely resemble the way ATMs work today.
Cash-trapping devices. Source: NCR.
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