ATM : A.T.MDone by Shakila Sattar

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 stripOr

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.

Alternate uses of A.T.M.: As it was basically invented as a cash

dispenser, they now have evolved to include many other bank-related functions.

Depositing currency Recognition, acceptance,

And recycling

Games and Promotional freatures

Postal stamp purchase

Printing bank statements

Donation to charities

Ticket Purchases

Paying routine bills, Fees and taxes

Loading monetary Value into pre-paid

cards

Purchase of Lottery ticket

Updating passbooks

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/1

0072740.html

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