25-07-2012, 01:21 PM
Automated teller machine
[attachment=28874]
DEFINITION
It is a computerized telecommunication device that provides of a financial institution with access to financial transaction in a public space without the need for a cashier , human clerk or bank teller.
On ATMs customer is identified by inserting a plastic ATM card with a magnetic strip that contains a unique card number and identity information.
ATM card
It is a card issued by a bank , credit union or building society that can be used at an ATM for deposits , withdrawals , account information or other kind of transactions , often through interbank networks.
It is also known as bank card , client card , key card or cash card
HISTORY
The idea of self-service in retail banking leads to the development of an ATM machine
The simultaneous efforts in Japan , Sweden , U.k.been credited in developing the first cash dispenser machine
The first ATM called Bankograph was installed in Barkleys bank in north London U.K.on 27th june 1967
Where do ATMs are placed
ATMs are not only placed in
banks but also in the
airports , grocery shops
petrol stations , restaurants
Or any place where large number of people gather
There are two types of locations for the ATMs
locations of ATMS
1)ON PREMISIS->machines that accomplishes the actual bank branch and are more advanced and multi functioning and having a large capability of storing data and are very costly
2)OFF PREMISIS->machines that are developed by financial institutions where there is usually a straight need of cash and are cheaper and mono functioning
Most of the ATMs are connected through inter bank , enabling people to withdraw or deposit money to the machine not belonging to the bank where they have their account. The ATMs are directly connected to the host via ADSL over a telephone line or leased line if they are not the users then the permission for withdrawal or deposition is not given as shown
An ATM is made up of following devices
CPU
(to control the user interface and transaction devices)
Magnetic card reader
(to identify the customer)
DISPLAY
(used by user for transactions)
FUNCTION KEY OR TOUCH SCREEN
(used to select various aspects of transaction)
RECORD PRINTER
(to provide user the record of their transactions)
VAULT
(to store the parts of machine requiring restricted transaction)
HOUSING
(for aesthetics and to assign signage)
security
1)No. Of attacks on atm resulted ,with thieves attempting to steal the whole atm
2)seal all the opening of atm with silicon
3)enter secret code for hacking
4)thieves harm a particular person when no one is around
Customer identity integrity
To verify card holders identities have been tested and deployed in some countries, such as finger and palm vein patterns , iris , and facial recognition technologies must be included for safety
GLOBAL USE OF ATM
Today ATMs are been used globally
The number of ATMs using currently are about 1.8 million
Globally they are divided into seven regions
ATMS are fastly using in CANADA , USA , EUROPE, JAPAN
But yet to reach high number in the near east or africa
[attachment=28874]
DEFINITION
It is a computerized telecommunication device that provides of a financial institution with access to financial transaction in a public space without the need for a cashier , human clerk or bank teller.
On ATMs customer is identified by inserting a plastic ATM card with a magnetic strip that contains a unique card number and identity information.
ATM card
It is a card issued by a bank , credit union or building society that can be used at an ATM for deposits , withdrawals , account information or other kind of transactions , often through interbank networks.
It is also known as bank card , client card , key card or cash card
HISTORY
The idea of self-service in retail banking leads to the development of an ATM machine
The simultaneous efforts in Japan , Sweden , U.k.been credited in developing the first cash dispenser machine
The first ATM called Bankograph was installed in Barkleys bank in north London U.K.on 27th june 1967
Where do ATMs are placed
ATMs are not only placed in
banks but also in the
airports , grocery shops
petrol stations , restaurants
Or any place where large number of people gather
There are two types of locations for the ATMs
locations of ATMS
1)ON PREMISIS->machines that accomplishes the actual bank branch and are more advanced and multi functioning and having a large capability of storing data and are very costly
2)OFF PREMISIS->machines that are developed by financial institutions where there is usually a straight need of cash and are cheaper and mono functioning
Most of the ATMs are connected through inter bank , enabling people to withdraw or deposit money to the machine not belonging to the bank where they have their account. The ATMs are directly connected to the host via ADSL over a telephone line or leased line if they are not the users then the permission for withdrawal or deposition is not given as shown
An ATM is made up of following devices
CPU
(to control the user interface and transaction devices)
Magnetic card reader
(to identify the customer)
DISPLAY
(used by user for transactions)
FUNCTION KEY OR TOUCH SCREEN
(used to select various aspects of transaction)
RECORD PRINTER
(to provide user the record of their transactions)
VAULT
(to store the parts of machine requiring restricted transaction)
HOUSING
(for aesthetics and to assign signage)
security
1)No. Of attacks on atm resulted ,with thieves attempting to steal the whole atm
2)seal all the opening of atm with silicon
3)enter secret code for hacking
4)thieves harm a particular person when no one is around
Customer identity integrity
To verify card holders identities have been tested and deployed in some countries, such as finger and palm vein patterns , iris , and facial recognition technologies must be included for safety
GLOBAL USE OF ATM
Today ATMs are been used globally
The number of ATMs using currently are about 1.8 million
Globally they are divided into seven regions
ATMS are fastly using in CANADA , USA , EUROPE, JAPAN
But yet to reach high number in the near east or africa