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AUTOMATED TELLER

MACHINE

Presented By:-

NIRVESH KUMAR

B.Tech. (E.C.) Final Year


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Contents


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Introduction

An ATM (Automated Teller Machine) is a

computerized machine designed to dispense

cash to customers without need of human

interaction.

The ATM can also take deposits, transfer money

between bank accounts and provide other basic

financial services.

On most modern ATMs, the customer is

identified by inserting a plastic ATM card with a

magnetic stripe that contains a unique card

number and some security information.


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History It was first developed and built by Luther George and

installed in 1939 in New York but removed after 6months due to the lack of customer.

ATMs paused for over 25years.

After that De La Rue developed the first electronicATM, which was installed first in Enfield Town in

North London, on 27 June 1967by Barclays Bank.

The idea of a PIN stored on the card was developed bythe British engineerJames Goodfellow in 1965.


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Actual view of an ATM


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ATM Types

ATMs broadly fall into two categories:-

1. Fixed ATMs.

2. Mobile ATMs.


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Fixed ATMs

These are the ATMs that are installed in

wide range of locations spread over the

country.

They are located not only in bank branches

but also in shopping malls, in department

stores and supermarkets.

They are found in places at railway stations

to airports and even on board ship.


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Mobile ATMs These ATMs are

working on moving

vehicles and theymove around the city.

These ATMs stay forsometime at particular

time and place.


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Features


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Internal structure of an ATM


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Working of an ATM

ATM has a small display and a keyboard. Itruns a program that is usually written by thebank. The program follows a particularpattern.

Most bank start by asking for a language.

They then ask you to insert your card.

This card has a magnetic strip on the back,

it reads information about your account.After that pin number is entered and further

process is depends upon the programing.


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Advantages

Cash transactions and cheque deposits.

24 hours and 365 days facility.

Utility payment eg. Telephone bills, electricity bills

etc.

Balance enquiry.

Statement of account for limited period.

Top up recharge of cell phones.

Banks have started dispensing railway tickets,

Airway tickets, Movie tickets etc. through ATMs.


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FUTURE ENDEVOURS

Voice activated ATMs, ATMs with finger

print scanning technology etc. are on the

move.

If they become operative, they can save

the customers from carrying a card.

Illiterate persons can use bio-metric ATMs


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Reference


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THANK YOU


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QUESTIONNAIRE

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