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automated banking machine
DCHP-2 (Jan 2012)
Spelling variants:ABM
n. — Finance
a machine providing some banking services, such as cash withdrawals or deposits (see Image 1).
Type: 5. Frequency — The term automated banking machine is about four times more frequent in written Canadian English than in the US (see Chart 1), where the preferred term is ATM (automated teller machine). The first attestation for automated banking machine in Canada is from 1980; the first US attestation in our files is from 1973. Automated teller machine is the oldest Canadian form, from 1976, which suggests variation in the early years of automated banking before automated banking machine became standardized. The term occurs all across Canada in written form (BCE 2006--), although in the spoken language Canadians use different terms, such as bank machine, which is the Canadian majority variant overall (Boberg 2010: 116).
Quotations
1980
Like many banks, the Royal has tried to speed service with Fasteller (a central lineup leading to whichever teller is free), Fasdeposit (you drop your deposit or any other transaction not requiring personal handling into a locked container) and with window tellers at some branches who are open for limited service before and after regular hours.
Automated banking machines should also help, Mr. Laundy added.
1986
The automated banking machine (ABM) is changing the way Canadians bank. In Personal Finance in Monday's Business section, reporter Matthew Elder says about half of all bank customers now do at least some of their banking through these machines.
1990
The Consumers' Association of Canada has warned that automated banking machines (ABMs) do make mistakes - and leave cardholders with little legal recourse.
1995
The site features a questionnaire on banking services, along with information on how to access telephone banking service and automated banking machines.
2015
The big banks might want to note another finding in the review. The use of automated banking machines (or ABMs) is declining as Canadians have less need to pad their wallets with physical cash.
According to the researchers, the number of cash withdrawals from ABMs fell from an average of 4.4 per month in 2009 to just 2.7 withdrawals per month in 2013, even as the amount withdrawn has held steady at $118 per withdrawal.
References
- Boberg (2010)
- BCE (2006--)
Images
Image 1: Automated banking machines in Ontario. Source: Wikimedia Commons. Photo: Raysonho
