In a world where technology lifecycles are measured in months, the automated teller machine seems like Rip van Winkle - it's been asleep for 25 years.

The venerable ATM has changed little, either in form or function, since its first appearance in the 1970s. A customer who used an ATM during the Carter administration would feel quite comfortable withdrawing $40 from a unit some 25 years later. Indeed, the biggest innovation in ATMs over the past two decades has been the dispensing of postage stamps.

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