Automated Teller Machine ATM

Author:: Preetam Kaushik
Date:: August 28, 2008

The ATM or an Automated Teller machine is a device which helps customers withdraw cash from an automated telecommunication machine, without any manual help. It is a boon for a majority of people as it provides a facility which is easily available in any public area, and hence one does not really need to worry about taking out cash from a bank in case of an emergency.

An ATM is a plastic card with an encrypted chip or a magnetic strip, which is unique for every customer. The machine identifies the number present on the card. The user has to enter a private PIN number, which is allotted to him while he issued the card.
An original mechanical ATM machine was first devised by Luther George Simjian in 39 at New York City, but was not widely used by customers.

An ATM has a CPU as its brain, a chip reader, a display screen, some user keys and a Pan PIN reader as its essential components. Being a machine, it needs an operating system.Till now, majorly Windows was being used to satisfy the purpose, but Linux has also jumped in and is gaining popularity.

Of late, ATMs have proved to be very helpful and have gained a large customer ship. They are easily viable and have a major protection system that helps you keep your hard earned money safe and secure.

Tag : ATM, Windows, Machine, Customers, Telecommunications, Money,

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What is automated underwriting process?
My bank is supposedly technology driven. I applied for a loan and their automated underwriting process is expected to expedite my loan approval process. I’ve never heard of automated underwriting before. Has anyone heard of it? What is automated underwriting or is my bank just buying time from me?
Money in bank of montreal?
I have an account with bank of montreal; can i access my money from any of my accounts at a bank machine while i am in the united states or europe?

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