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The world's first ATM went into service 50 years ago

From a slow start in 1967, the global popularity of the machines that dispense currency notes seems to defy predictions of a cashless society.

Professor Bernardo Batiz-Lazo, an expert in banking history at Bangor University in Wales, tells the BBC's Russell Padmore what drove banks to introduce Automated Teller Machines in Sweden and the UK in 1967.

(Picture: ATM in operation. Dennis Macdonald/Getty.)

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3 minutes