BABY BOOMERS, GENERATION X FIND SOMETHING IN COMMON -- BOTH ADDICTED TO ATMs; New Research Reveals Younger Generations Rely On The Convenience of Self-Service Banking.DAYTON, Ohio--(BUSINESS WIRE)--February 28, 1995--What do the Baby Boomers See generation X. who went to the original Woodstock and the Generation Xers who went to last year's Woodstock have in common besides music and mud? Both groups, typically Americans born after World War II, are almost four times as likely to use automated teller machines automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. (ATMs) as their parents and grandparents grandparents npl → abuelos mpl grandparents grand npl → grands-parents mpl grandparents grand npl , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. new research sponsored by AT&T Global Information Solutions, the world's leading manufacturer of ATMs. Sixty percent of Americans between the ages of 25 and 34 and fifty-one percent between the ages of 35 and 49 use ATMs regularly. They visit ATMs an average of eight times per month and withdraw an average of $55 each time they go. In contrast, only 17 percent of Americans aged 65 and over use ATMs, visiting them an average of 2.4 times per month, or about once every two weeks. Although older Americans use ATMs less often, they take out more cash -- an average of $113. The research revealed that ATMs have significantly changed the way America banks, with over two-thirds of users surveyed (68 percent) stating life would be more difficult without ATMs. This attitude was shared by all ATM users regardless of age or income. We can see from our research that a large segment of the population is enthusiastic about using ATMs for their banking needs, said John Gray, vice president of Financial Products and Systems Marketing for AT&T Global Information Solutions. In particular, younger bank customers who have grown up with technology over the past decade have a tremendous appetite for ATM usage and may hardly ever visit a bank branch. Actually, most of America has caught on to the convenience and efficiency provided by ATMs, Gray added. Today, consumers can use ATMs to do anything from simply getting cash to purchasing stamps and paying bills. And because ATMs today are located just about everywhere you look -- from college campuses to convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , from supermarkets to subway stations -- consumers can perform their banking transactions quickly and conveniently, 24 hours a day, seven days a week. The survey revealed that almost half of all adult Americans use ATMs regularly, with younger Americans and those with high incomes using them most often. Overall, 60 percent of those making over $40,000 a year use ATMs, while only 30 percent of Americans making less than $20,000 use them. Additionally, the research found that the most popular day for ATM usage is Friday. Saturday was named as the second most-visited day. Some other research highlights: o The typical ATM user visits an ATM an average of 7.4 times a month. o The largest proportion of regular ATM users (40 percent) visit an average of ten times a month. o Among ATM users, the average amount of money withdrawn is $60.45, with $20.00 being the most common withdrawal. o The average withdrawal by age group: - 18 to 24 years -- $38.08 - 25 to 34 years -- $50.19 - 35 to 49 years -- $60.72 - 50 to 64 years -- $68.70 - over 65 years -- $113.00 Additionally, the survey revealed that bill paying is the most frequently mentioned new function Americans want to have on ATMs. This past December, AT&T introduced a new ATM with enhanced bill payment features such as imaging technology to make bill paying at an ATM fast and simple. The second most mentioned new function Americans want is the ability to shop using self-service machines. AT&T Global Information Solutions, formerly NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , is the world's leading manufacturer of ATMs. Almost 140,000 AT&T ATMs are in use around the world, which accounts for AT&T's market share dominance of over 27 percent of the worldwide ATM market. In 1994, AT&T set a new record for ATM shipments by shipping 30,136 ATMs worldwide. AT&T offers a complete family of ATM products for routine transactions such as cash withdrawal and balance inquiries. In addition, AT&T has developed some of the world's most advanced self-service technologies that make it possible to: o Cash a check, right down to the penny, at an ATM; o Show an image of a check on the screen of an ATM and deposit that check without using an envelope; o Have a live, full-motion videoconference vid·e·o·con·fer·ence n. A teleconference using video technology, such as closed-circuit television. vid with a banker at a self-service terminal, even if the banker is hundreds or thousands of miles away; o Get an airline ticket and boarding pass from a self-service terminal. AT&T Global Information Solutions helps its customers better understand and serve their customers by more effectively getting, moving and using information. -0- ATM Fact Sheet ________________________________________________________________________ o There are 102,093 ATMs installed in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , which is approximately 20% of the world total.(1) o There are 511,356 ATMs installed worldwide.(1) o Japan has the highest number of ATMs installed in the world, with 116,500.(2) o By the year 2000, it is estimated there will be approximately 158,000 ATMs installed in the U.S. and approximately 937,000 installed worldwide.(1) United States o In 1994, there were approximately 8.3 billion transactions performed at ATMs in the U.S.(3) o The typical ATM handles an average of 6,400 transactions each month.(3) o The MAC network, operated by Electronic Payment Services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited. , Inc., is the nation's largest regional ATM network based on switch transactions, processing nearly 70 million transactions each month.(3) o The busiest ATM in the MAC network is located at the Gallery Mall at 9th and Market Sts. in Philadelphia, Pennsylvania. The ATM is an AT&T 5070 cash dispenser and is owned by PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Bank. More than 22,000 transactions were performed at this ATM in December, 1994.(4) (photos available) o New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. has the most ATMs in the U.S., with an estimated 3,000 in use throughout the five boroughs. Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Chicago rank second and third, respectively.(5) o The bank who owns the most ATMs in the U.S. is the Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , based in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . The Bank of America owns 5,650 ATMs.(6) o The typical ATM user visits an ATM an average of 7.4 times per month.(5) o The average amount of money withdrawn from an ATM is $60.45, with $20.00 being the most common withdrawal.(5) o The most popular day for ATM usage is Friday.(5) o Americans cite 24-hour access as the most beneficial feature of ATM usage.(5) o More than 68 percent of ATM users say life would be more difficult without ATMs.(5) o Indoor through-the-wall and freestanding lobby ATMs are the most widely used types of machines, followed by drive through ATMs.(5) o The Mall of America Mall of America (also MOA, MoA, or the Megamall) is a shopping mall located in the Twin Cities suburb of Bloomington, Minnesota. It is just southeast of the junction of Interstate 494 and Minnesota State Highway 77, and is across the interstate from the , in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation). Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S. , has 15 ATMs under its roof. International o In 1994, there were approximately 5.45 billion transactions performed at ATMs in Europe.(2) o The typical ATM in Europe handles an average of 3,414 transactions each month.(2) o Germany has the most ATMs of any country in Europe, with 25,000.(2) o Finland has the most ATMs per person in Europe, with 599 ATMs for every one million people. The European average is 263 ATMs per one million people.(2) o Sweden has the highest ATM usage rate, with an average of 9,925 transactions performed per terminal each month. Italy has the lowest ATM usage rate, with an average of 1,174 transactions per terminal each month.(2) o The average amount of money withdrawn from an ATM in Europe is $100 ECU ECU See: European Currency Unit ECU See European Currency Unit (ECU). (European Currency Unit). This is equivalent to approximately US$124.00.(2) o Switzerland has the highest average value per cash withdrawal in Europe, with an average of $208 ECU withdrawn per transaction (equivalent to approximately US$258.00).(2) o The bank who owns the most ATMs in Europe is Credit Agricole of France. Credit Agricole owns 4,861 ATMs.(2) o ATMs from AT&T Global Information Solutions are available in 37 distinct languages, including Cantonese and Arabic. _________________________________________________________________________ 1 The Nilson Report, Oxnard, CA. 4 Electronic Payment Services, Inc. 2 Retail Banking Research Ltd. 5 AT&T Global Information Solutions 3 Bank Network News survey 6 American Banker American Banker is a daily newspaper covering the financial services industry. Founded in 1835 and based in New York, American Banker's 70 reporters and editors in six cities monitor developments and breaking news affecting banks. , November 30, 1994 CONTACT: AT&T Global Information Solutions Chris Stellwag wk: (513) 445-4178 hm: (513) 439-2373 or Manning, Selvage selvage - chad & Lee Dave Bennett Dave Bennett (born July 111959) is an English former football (soccer) player. He is most famous for playing in two FA Cup Finals; 1981 for Manchester City, when he finished on the losing side, and 1987, when he produced a Man of the Match (212) 213-7098 |
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