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Economic Commentary

Global ATM Banking: Casting the Net

Twenty-five years of technological progress have transformed the way banking is done. Paychecks can be deposited, charitable contributions withdrawn, electronically. Customers can make cash withdrawals without ever seeing a human teller, at a machine their bank doesn’t own, perhaps even in a country where their bank has no office. These innovations have not only affected customer convenience, but have also changed the economic reference points for evaluating the efficiency of the electronic payments industry.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Hueter, John D., and Ben R. Craig. 1998. “Global ATM Banking: Casting the Net.” Federal Reserve Bank of Cleveland, Economic Commentary 8/15/1998.