What is ATM in electronic Banking?


ATM or Automated Teller Machine is used mainly for cash-delivery operations with plastic cards.Besides,the ATM allows the holder of a card to receive the information on the current status of the account(including an extract on a paper),and also to transfer money from one account to another.
ATM is supplied with the device for reading a card ,and with the display and the keyboard for interaction with the card-holder.The ATM is equipped with the card-holder.The ATM is equipped with the personal computer which provides management of a cash dispenser and the control of its status.
The cash dispenser is a storehouse of cash.Monetary denominations in an ATM are placed in cassettes which are in the special safe(vault).The number of cassette defines number of the denominations which are given out by an ATM.
At present the majority of models are designed for job in on-line mode with magnetic strip cards as well as smart cards.
For maintenance of communication functions ATMs are equipped with modems or LAN cards.


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