An ATM allows customers with credit or debit cards to carry out basic banking transactions without the aid of a human bank teller. Customers can use them to withdraw cash, check their bank balance or get a printed balance statement. Some ATMs also allow customers to make cash deposits and move funds between accounts. Card reader: Reads the chip and magnetic stripe on the card that links the card to the correct bank account.
Keypad: Enables the customer to enter their PIN and select the amount of cash they wish to withdraw. Cash dispenser: The slot through which notes are dispensed, connected to a safe at the bottom of the machine. Printer: A printer for balance statements and advice slips. Screen: The screen issues prompts that facilitate the user interface. Many ATMs also use a touch-screen interface. Retailers especially convenience store franchises , pubs, arcades and casinos all often use ATMs.
These can be bought or leased by businesses on their own or through ATM franchises. A small fee is usually added to cash withdrawals, which is borne by the customer withdrawing the cash. An ATM can be an effective way to offer choice and convenience for the customer, potentially improving customer service and foot traffic. You can fill the machine with your business cash, meaning fewer trips to your bank to make cash deposits.
Many businesses and customers alike are sensitive about handling cash in the pandemic era. Mainboard - This part controls the processing of the ATM.
Most card readers and cards today are EMV-enabled. It is the global standard for chip-based debit and credit card transactions. The EMV chip creates a unique transaction code for that particular transaction. Keypad - This part allows the customer to input information regarding the transaction that they would like to execute. The information provided by the customer may include the personal identification number PIN , the type of transaction, and the amount of the transaction.
The process begins when you insert your card into the ATM card reader. After inserting your card, the mainboard will request that you enter your pin using the display. After you enter your pin using the keypad, the mainboard requests the type of transaction to occur using the display. The processor uses this information to route the transaction to an ATM network that is associated with the card.
The networks associated with the card are usually printed on the back of the card. Like any other data terminal, the ATM has to connect to, and communicate through, a host processor. The host processor is analogous to an Internet service provider ISP in that it is the gateway through which all the various ATM networks become available to the cardholder the person wanting the cash.
Most host processors can support either leased-line or dial-up machines. Leased-line machines connect directly to the host processor through a four-wire, point-to-point, dedicated telephone line.
Dial-up ATMs connect to the host processor through a normal phone line using a modem and a toll-free number, or through an Internet service provider using a local access number dialed by modem. Leased-line ATMs are preferred for very high-volume locations because of their thru-put capability, and dial-up ATMs are preferred for retail merchant locations where cost is a greater factor than thru-put.
The initial cost for a dial-up machine is less than half that for a leased-line machine.
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