ATM : A.T.

M
Done by reshma patan

What is an A.T.M.?


Automated teller machine Or Automatic teller machine

An A.T.M. machine consists of:

CPU  Magnetic or chip card reader  Pin pad Secured cryptopprocessor  Display  Function key or touch screen  Record Printer  Vault  Housing


What is the usage of A.T.M.:



The customer is identified by inserting a plastic card with a magnetic strip Or A plastic smartcard with a chip that contains the card number and security information. Upon successful entry of the PIN, the customer may perform a transaction.

Donation to charities Alternate usesPurchase of Lottery of A.T.M.: ticket

Games and Promotional freatures

As it was basically invented as a cash dispenser, they now have Loading monetary evolved to Value into pre-paid Ticket Purchases include many other bank-related functions. cards
Postal stamp purchase Updating passbooks

Depositing currency Recognition, acceptance, And recycling

Paying routine bills, Fees and taxes

Printing bank statements

Different types available:



Installation location on and off premise And Physical characteristics mono and multi function

Why do we use an A.T.M.?

 

Convenient? Enable us to check our account balance, withdraw cash, or make any type of bank transaction any time?

Negative aspects:
          

Unemployment? Instead of talking to a person we are confronting a machine? Could be confusing to operate at times? We could forget our passwords? We might have questions that it is unable to answer unlike a human would? Crime? Robbing? Stolen or counterfeit ATM cards? ATM fraud? Loss of privacy? Error of the computer program?

Positive aspects:
 

  

More job opportunities at a computer store? How do computers change the work environment and the structure of business? Alienation? Customer service? Banking industries developed may approaches to reducing fraud and ATM crime? Loss of privacy but helps control crime?

Work cited:
 

http://en.wikipedia.org/wiki/Automated_telle r_machine#Global_use http://www.gulfnews.com/business/money/ 10072740.html

Thank you for watching