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Cash-machine maker Diebold dispenses with pessimism

As digital payment apps proliferate and talk grows of a cashless economy, the humble bank cash machine might seem to be heading for the scrap heap.

But Diebold, which makes cash dispensers, or ATMs, for banks, is betting that "smart" technology will give them a new lease on life. Its newest models can scan the user's eye for security, remember consumer preferences and respond to commands from a smartphone. The goal is to make using a machine a breezy, more personal experience that does away with debit cards.

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    Original URL: https://www.afr.com/business/banking-and-finance/cashmachine-maker-diebold-dispenses-with-pessimism-20160406-go0cea