ATM

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INTRODUCTION
An automated teller machine (ATM), also known as
automatic banking machine (ABM), Automated Transaction Machine, bank machine, Cash Machine, or Cash point. It is a computerized telecommunications device that provides the clients of a financial institution . It is a self service banking machine attached to a host computer through a telephone network

Contd
ATM card has a layout with a magnetic stripe or a plastic smart card with a chip, that contains a unique card number and some security information

Using an ATM, customers can access their bank accounts in order to make cash withdrawals, credit card cash advances, and check their account balances as well as purchase prepaid cell phone credit.

 LUTHER GEORGE SIMJIAN has first invented ATM machine which was previously called as Bankograph. It was installed in New York City in 1961 by the City Bank of New York. The Bankograph was an automated envelope deposit machine (accepting coins, cash and cheques) and it did not have cash dispensing features. A first cash dispensing device was used in Tokyo in 1966 .

HISTORY

Contd...
In 1968 the networked ATM was pioneered in Dallas, Texas, by Donald Wetzel . 1969, Chemical Bank installed the first ATM in the U.S. at its branch in Rockville Centre, New York The first ATMs were designed to dispense a fixed amount of cash when a user inserted a specially coded card.

 ATMs are placed in locations such as shopping centers/malls, airports, grocery stores, petrol/gas stations, restaurants, etc Location

On and off premise.

ATM ARCHITECTURE
Virtual Paths and Virtual Channels Transmission Path Virtual Path Virtual Channel Switching Hierarchy Switching at the Transmission Path Level Switching at the Virtual Path & Virtual Channel Level

Contd
LAN Emulation

WORKING OF ATM

BENEFITS OF ATM
FOR THE BANK:

Increases existing business. Generates new business. Provides additional revenue streams. ATM pays for itself.
FOR THE CUSTOMER:

Saves time and money. Can get cash whenever and wherever required.

P A R T S O F A T M

TYPES OF ATM CONNECTIVITY

An ATM connects and communicates through a host processor .
Two types of connectivity Leased line Dial-up Line

Contd
Leased Line:
ATM connects directly to the host through a 4 wire point-to-point dedicated phone line.

Dial-up Line:
ATM connects to the host through a normal phone line using a modem and atoll free number. or Through an ISP using a local access number.

ATM NETWORK

Uses of ATM Cash Withdrawal and Balance Enquiry Cash /Cheque Deposit Bill Payments Sale of Paper Based Products Third Party Advertising Money Transfers Recharge Mobiles via ATMs

ATM Security
ATMs keep your personal identification number (PIN) and other information safe by using encryption software such as Triple DES (Data Encryption Standard). Don't write down your PIN. If you must write it down, do not store it in your wallet or purse. Make your PIN a series of letters or numbers that you can easily remember, but that cannot easily be associated with you personally. Avoid using birth dates, initials, house numbers or your phone number.

NEW INNOVATIONS
PC- based ATM. ATM with keypad having Braille letters and numbers. Wireless ATM

Mobile ATM

CONCLUSION
ATM is one of the gift from inventor to humanity .

THANK YOU