Monday, July 16, 2007

Automated teller machine

An automated teller machine (ATM) is a programmed telecommunications device that provide the consumers of a financial organization with access to financial transactions in a public legroom without the need for a soul clerk or bank cashier. On most modern ATMs, the client is identified by insert a plastic ATM card with a magnetic strip or a artificial smartcard with a chip, that contain a single card number and some defense information, such as an finishing date or CVC. Security is provide by the customer ingoing a personal identification number (PIN).

Using an ATM, clientele can access their bank account in order to make cash withdrawal and check their account balance. Many ATMs also allow public to deposit cash or checks, move money between their bank accounts, pay bills, or acquire goods and services.

ATMs are known by a range of casual terms include automated banking machine, cash machine, hole-in-the-wall, cashpoint or Bancomat. The occasionally-used term ATM engine is an example of RAS pattern.

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