Atm problems in india

Presented by: - B.Sowmya.

WHAT IS ATM?

ATM (Automated Teller Machine) or a cash point is a computerized machine.

ATM plays a Vital role in facilitating the banking services to banks as well as customers.ATM is a back bone of retail banking sector

Functions of ATM

The concept of ATM is 24*7*365.Flexibility of using ATM of other banks i.e. we can make

transaction from any ATM While our account not in same bank.

Can Recharge their mobile phone prepaid connection.Money transfer from one account to another one.Deposit the amount in to an account.

Problems with ATM:-Problems of ATMs categories in two category:

1.Problem faced by customers:-

They didn’t receive cash while the account is debited. Wrong insert the ATM card. This problem is more common

with new ATM users who are not familiar with ATM machine.

They didn’t receive slip of account balance. Money transfer problem. Some time machine didn’t accept the ATM cards.

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Problems faced by BANK:-

Theft money from ATM’sBurglary of ATMs (including theft of entire

ATM’s).System problem(including server down).System failure(system crash or the

software not work properly).Hack the bank’s site which affect whole

banking system.

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HOW CLONING OCCURS?

• Cloning occurs mainly by replicas presented in ATM system.

• It will extract the data presented in the magnetic tape of a card .

• The data is sended to the memory chip which is attached to the replica.

• The closed circuit camera will extract the password which we are entered in our ATM system

• They will prepare fake ATM’s cards and draw the money from those cards.

PROBLEMS OF SMS ALERT OF ATM’S

• Server down.• Sms alert

HOW CAN WE OVERCOME THE PROBLEMS OF ATM THEFT..???

• Get in the habit of using the same ATM machine for your transactions. Become familiar with it and be able to recognize changes to the machine.

• Use ATM machines inside banks rather than on the street .

• If you’re visiting an unfamiliar ATM machine that is not inside a bank, examine it carefully for devices mainly regarding cc camera’s.

• Never use an ATM machine when other people are lingering. Don’t use ATM machines with extra signage or warnings posted on the machine.

• Visit your account and look for update notices directly on your account or bank’s website. The email is almost always a phishing scam.

CONCLUSION• The growth of ATM rapidly high at the world

wide level also in india.• This technology is simple,safe and secure and

people feel to use it.• Now customers become aware about this

machine.• As the banking sector computerize day to day,

and ATM have became a part of modern banking system.