Paper Contents
Abstract
This report makes an attempt to grasp the look of an automatic Teller Machine (ATM) system, a tool employed by bank customers to method account transactions. Typically, a user inserts into the ATM a special plastic card that's encoded with data on a magnetic strip. The strip contains Associate in Nursing identification code that's transmitted to the bank's central pc by electronic equipment. to stop unauthorized transactions, a private positive identification (PIN) should even be entered by the user employing a data input device. the pc then permits the ATM to finish the transaction; most machines will dispense money, settle for deposits, transfer funds, and supply data on account balances. Banks have shaped cooperative, nationwide networks in order that a client of 1 bank will use Associate in Nursing ATM of another for money access. Some ATMs also will settle for credit cards for money advances. the primary ATM was put in in 1969 by Chemical Bank at its branch in Rockville Centre, New York. A client employing a coded card was distributed a package containing a collection add of cash.
Copyright
Copyright © 2023 K GARATA SAI MALLIK. This is an open access article distributed under the Creative Commons Attribution License.
