24-08-2013, 02:40 PM
Security Features of ATM
[attachment=57440]
Definition of ATM
An ATM is an electronic device which allows a bank's customer to make cash withdrawals and check their account balance at any time without the need for a human teller. Many ATMs also allow depositing cash or cheques, transfer money between their banks. The World's first ATM was installed in ENFIELD town in the London on June 27, 1967 by Barclays bank.
ATMs are known by various other names including Automated Transaction Machine, automated banking machine, cash point (in Britain),money machine, bank machine, cash machine, hole-in-the-wall, Bancomat (in various countries in Europe and Russia), Multibanco (after a registered trade mark, in Portugal), and Any Time Money (in India).
An automated teller machine or automatic teller machine (ATM), also known as an automated banking machine (ABM) in Canada, and a Cash point (which is a trademark of Lloyds TSB), cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public space without the need for a cashier, human clerk or bank teller. ATMs are known by various other names including ATM machine, automated banking machine, and various regional variants derived from trademarks on ATM systems held by particular banks
Introduction of Security Features of ATM
Various protocols are used for transferring information over the network in the ATM. A few of them are explained in brief:
1. TCP (Transmission control protocol):
- Connection oriented protocol.
- TCP is used to dynamically adapt to properties of the internetwork & to be robust to face any failures.
2. SMTP (Simple Mail Transfer Protocol):
- Simple ASCII protocol, Accepts incoming messages & sends them to appropriate locations.
3. X.25:
- It is a standard network protocol, Connection oriented.
- Provides flow control.
4. SNMP (Simple Network Management Protocol):
- Used when information in entered through the keypad
As most of the ATMs are open for 24 hrs & also all of them are not guarded, it is important to provide security to the machine. One of the technologies is explained here.
[attachment=57440]
Definition of ATM
An ATM is an electronic device which allows a bank's customer to make cash withdrawals and check their account balance at any time without the need for a human teller. Many ATMs also allow depositing cash or cheques, transfer money between their banks. The World's first ATM was installed in ENFIELD town in the London on June 27, 1967 by Barclays bank.
ATMs are known by various other names including Automated Transaction Machine, automated banking machine, cash point (in Britain),money machine, bank machine, cash machine, hole-in-the-wall, Bancomat (in various countries in Europe and Russia), Multibanco (after a registered trade mark, in Portugal), and Any Time Money (in India).
An automated teller machine or automatic teller machine (ATM), also known as an automated banking machine (ABM) in Canada, and a Cash point (which is a trademark of Lloyds TSB), cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public space without the need for a cashier, human clerk or bank teller. ATMs are known by various other names including ATM machine, automated banking machine, and various regional variants derived from trademarks on ATM systems held by particular banks
Introduction of Security Features of ATM
Various protocols are used for transferring information over the network in the ATM. A few of them are explained in brief:
1. TCP (Transmission control protocol):
- Connection oriented protocol.
- TCP is used to dynamically adapt to properties of the internetwork & to be robust to face any failures.
2. SMTP (Simple Mail Transfer Protocol):
- Simple ASCII protocol, Accepts incoming messages & sends them to appropriate locations.
3. X.25:
- It is a standard network protocol, Connection oriented.
- Provides flow control.
4. SNMP (Simple Network Management Protocol):
- Used when information in entered through the keypad
As most of the ATMs are open for 24 hrs & also all of them are not guarded, it is important to provide security to the machine. One of the technologies is explained here.