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Automatic Teller Machine

Added on: October 23rd, 2013 by Afsal Meerankutty No Comments

Automatic Teller Machine
An Automatic Teller Machine (ATM) is a machine permitting a Bank’s customers to make cash withdrawals and check their account at any time and without the need for a human teller. Many ATMs also allow people to deposit cash or cheques and transfer money between their bank accounts.

You’re short on cash, so you walk over to the automated teller machine (ATM), insert your card into the card reader, respond to the prompts on the screen, and within a minute you walk away with your money and a receipt. These machines can now be found at most supermarkets, convenience stores and travel centers. Have you ever wondered about the process that makes your bank funds available to you at an ATM on the other side of the country?

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References for Automatic Teller Machine

http://en.wikipedia.org/wiki/Automated_teller_machine

Topic Category - Computer/IT Topics
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