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AUTOMATED TELLER
MACHINE
Presented by:DIKSHA GUPTA
GUIDED BY,MR.P.C.HARNE
Objectives Introduction History Structure How ATM Works Advantages Disadvantages Applications Conclusion References
Contents
The objective of an ATM machine is to provide anytime or Automated Banking services to the bank customers without the customer having to make a trip to the bank.
Cash withdrawal Accept Deposits Issue Balance Statements Pre-paid mobile recharge Money Transfer Buying Insurance To analyze the present ATM facilities provided by
SBI, ICICI & HDFC Bank.
Objectives
What is an A.T.M.?
Automated teller machine
OrAutomatic teller machine
ATM ( Automatic Teller Machine) is machine or electronic device that is used people for their bank account transaction, they used ATM for cash withdrawal, check account balance, make deposit of checks and cash, or to transfer money from one account to another. To achieve this service they are given a plastic card provided by bank and they have 4 digit secret code. ATM is available 24 hours no time when to use. An Automated Teller Machine (ATM) is a specialized computer that makes it convenient to manage your money.
Introduction
History Invented the first ATM:-
• Luther George Simjian– Idea came first in late 1930– Registered 20 patents in
1939– Not-so-successfulDon Wetzel
• American engineer• Designed Docuteller machine in 1968
• Hold USA patent to the ATM in 1973
History The idea of ATM machine developed simultaneous in
Japan, Sweden, U.K and U.S.A. The first cash dispenser machine developed by “Luther
George Simjian ” in Feb.1963, which known as “Bankograph”.
The second dispenser machine developed by John Shepherd Barron which matched PIN(Personal Identification Number).
This machine known as “DACS”. The first modern ATM use in Dec. 1972 in UK.The IBM
2984 designed on the request of “Lloyds Bank”. (Contd.) This design was similar in function of today‟s machines. HSBC-Honkong and Shanghai Banking Corporation
introduce the first ATM in India in 1987.
Inventer Year19301960196519681968
Inventor YearLuther George Simjian 1930
John Shepherd-Barron 1960
James Goodfellow 1965
Don Wetzel 1968
John D. White 1968
Docutel
1972
Diebold 1973
History Chart
Structure Card reader Keypad Speaker Display screen Receipt printer Cash dispenser
How ATM Works?
Advantages An automated teller machine increases existing business: ATM provides 24 hours service ATM gives convenience to banks customers. ATM reduces the workload of banks staff. ATM provides privacy in banking transactions. ATM provides service without any error.
Not available in remote places. Cannot avoid illegal use in case of stolen card. if one forgets the pin number he or she will not be able to
withdraw money from their accounts,
Disadvantages
Difference between ATM & CDM
Facilities ATM CDM• Cash Withdrawals• Balance Enquiry
• Mini Statement• Cash Deposit• Cheque Deposit (Into your account or any pre registered third party account)• Etisalat Bill Payment• Utility Bill Payment• Etisalat Mobile Top-up• Barclaycard Credit Card Payment• Cheque Book Request• Debit Card Pin Change
Cash Withdrawal and Balance Enquiry
Bill Payments
Cash /Cheque Deposit
Sale of Paper Based Products
Use of ATM
Effects of Online Banking Online banking has become very common
Easy to set up and use
May decrease some ATM use for bill paying and deposits
Home computers can’t dispense cash
ATMs are often found near retailers or other convenient places
As the banking sector computerize day to day, and ATM have became a part of modern banking system.
The banks in developing country adopt ATMs to improve their own internal process and also for increase facilities and services of their customers.
Now customers become aware about this machine. The growth of ATM rapidly high at the world wide level
also in India. This technology is simple, safe and secure and people feel
satisfaction to use this.
Conclusion
www.ibef,org www.investopedia.com/terms/a/atm.asp www.gr8ambitionz.com/2013/09/automated-teller-
machine-atm.html www.answers.com › ... › Money Management › Banking www.livestrong.com › Lifestyle www.banknetindia.com/atm/functionality.htm
References