Automated teller machine

A.T.M  is an electronic device with telecommunications. It can be used by its customers, financial institutions, to carry out financial transactions such as withdrawing money, depositing money, transferring money from their account to another account, or knowing information about their account. It also gives an excellent opportunity to handle the above transactions without any direct contact with the bank staff. There are various names for ATMs in use. They are the same in some countries but different in others. An automatic teller machine is in use in the United States. Also known as ATM Machine in USA, UK, Australia, Malaysia, South Africa, Singapore, India, Maldives, Philippines and Sri Lanka, Automated Banking Machine in Canada. In the same British English, it is also described as Cash Point, Cash Machine, Mini Bank. Most ATMs have a logo on the name of the bank or company that owns the ATM. It also includes information on which network it can connect to. ATMs that are not operated by financial institutions in Canada are called white lobby abms. The ATM industry estimates that there are 3.5 million ATMs installed worldwide. Most modern ATMs require customers to enter their own personal identification number and be identified by a plastic ATM card or any other acceptable payment card. The PIN deposited on the card must be the same as the PIN they enter. Customers, in general, have the option of withdrawing money through ATMs, making deposits, checking the amount in the account as well as recording mobiles.

Modern a.t.ms have the technology to withdraw money from a.t.m, even in any other country. If the currency you are withdrawing from is different from the currency of your country, it is calculated according to the exchange rate of that financial institution. Banks' ideas for the idea of ​​providing money on the go but on the go, laid the foundations for the design of a.tm in Japan, Sweden, the United Kingdom, and the Americas, as a result of customer needs. Little is known about the invention in Japan, but there they designed the machine into a computerized one. It works by inserting a credit card. Through this machine, customers in the area of ​​1966 could get a loan at 5% interest per annum. In 1962, Adrian Ashfield pioneered the design of a card with customer identification and key. The first cash machine was the Barclays Bank, made available to the public at the Enfield Town branch in North London, United Kingdom. It was started by English comedian Leg Warne. The credit for designing the machine goes to the engineering team led by John Shepherd Barron. This machine starts working by inserting a paper check issued by the teller or cashier. As a precautionary measure, a carbon copy of the machine remains on the machine for reading. The machines that came into use after that were those operated by a unique identification number, i.e. pin matching. Barclays dacs (de la rue automatic cash system) have overtaken Swedish savings banks, as well as west minister banks called chubb MD - Smith Industries' cash machines. Chemical Bank has set up the first ATM in the United States near its branch in the Rockville Center, New York. Donald Wetzel, following his company Aina dacutel, named the atm he created the docuteller.

Company executives are skeptical about electronic banking. This is because of the fact that the machines are very expensive. Besides, the second reason is that the machines are reluctant to count the money in their accounts. ATMs can be placed anywhere. We often see it near banks, shopping malls, airports, railway stations, metro stations, and more.

ATMs are usually designed with the following devices in mind.

Central Processing Unit

Magnetic or chip card reader

A keypad such as a calculator for storing and allowing personal identification PIN numbers.

Secure cryptoprocessor It is usually located in a secure setting.

Display

Function key buttons

Record printer

Hosing

Sensors & Indicators

Software:

With the advent of personal computer hardware, off-the-shelf standard commercial operating systems and programming-key compatibility became available within ATMs. Currently, the largest number of ATMs worldwide are using the Microsoft Windows system.

Security:

ATMs have a built-in firewall to protect against hackers.