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ATMIA CEO Argues Cash Here to Stay

BROOKINGS, S.D. -- Mike Lee, CEO of the ATM Industry Association, has argued in a lengthy opinion piece that cash is likely to remain the dominant payment method for at least the next 25 years and maybe the next century.

By David Morrison | Updated on April 11, 2008

BROOKINGS, S.D. — Mike Lee, CEO of the ATM Industry Association, has argued in a lengthy opinion piece that cash is likely to remain the dominant payment method for at least the next 25 years and maybe the next century.

While he acknowledged that he has a vested interest in the question as the CEO of an ATM trade group, Lee argued in a piece appearing on the ATM Marketplace.com Web site that authorities thar have predicted the demise of cash for some time have consistently overstated their case.

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