14-04-2011, 03:08 PM
SUBMITTED BY:
SHASHANK KATOCH
[attachment=12201]
ATMs: Automated Teller Machines
What is an ATM ??
An automated teller machine (ATM) is a computerized telecommunications device that provides the customers of a financial institution / bank with access to financial transactions in a public space without the need for a human clerk or bank teller round the clock (24 hrs a day).
History Of ATM
The ATM was invented by Scot John Shepherd-Barron.
The world's first ATM was installed in a branch of Barclays in the northern London borough of Enfield, Middlesex, in 1967.
A mechanical cash dispenser was developed and built by Luther George Simjian and installed in 1939 in New York City by the City Bank of New York
The first person to use the machine was Reg Varney of "On the Buses" fame, a British Television programme from the 1960s
The idea of a PIN stored on the card was developed by the British engineer John Rose in 1965.
the modern, networked ATM was invented in Dallas, Texas, by Don Wetzel in 1968
Notable historical models of ATMs include the IBM 3624 and 473x series, Diebold 10xx and TABS 9000 series, and NCR 5xxx series.
Functions of ATM
24-hour access to cash
View Account Balances & Mini-statements
Order a Cheque Book / Account Statement
Transfer Funds between accounts
Refill your Prepaid card
Pay your utility bills
Deposit cash or cheques
Change your PIN
Learn about other products
ATM Card
On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smartcard with a chip, that contains a unique card number and some security information.
Security is provided by the customer entering a personal identification number (PIN).
Reg Varney using the first ATM in 1967
Structure of ATM
Card reader
Keypad
Speaker
Display screen
Receipt printer
Cash dispenser
Card reader
The card reader captures the account information stored on the magnetic stripe on the back of an ATM/debit or credit card. The host processor uses this information to route the transaction to the cardholder's bank.
Keypad
The keypad lets the cardholder tell the bank what kind of transaction is required (cash withdrawal, balance inquiry, etc.) and for what amount. Also, the bank requires the cardholder's personal identification number (PIN) for verification. Federal law requires that the PIN block be sent to the host processor in encrypted form.
Display screen
The display screen prompts the cardholder through each step of the transaction process. Leased-line machines commonly use a monochrome or color CRT (cathode ray tube) display. Dial-up machines commonly use a monochrome or color LCD.
Receipt printer
The receipt printer provides the cardholder with a paper receipt of the transaction
Cash dispenser
The heart of an ATM is the safe and cash-dispensing mechanism. The entire bottom portion of most small ATMs is a safe that contains the cash.
Working Of ATM
SHASHANK KATOCH
[attachment=12201]
ATMs: Automated Teller Machines
What is an ATM ??
An automated teller machine (ATM) is a computerized telecommunications device that provides the customers of a financial institution / bank with access to financial transactions in a public space without the need for a human clerk or bank teller round the clock (24 hrs a day).
History Of ATM
The ATM was invented by Scot John Shepherd-Barron.
The world's first ATM was installed in a branch of Barclays in the northern London borough of Enfield, Middlesex, in 1967.
A mechanical cash dispenser was developed and built by Luther George Simjian and installed in 1939 in New York City by the City Bank of New York
The first person to use the machine was Reg Varney of "On the Buses" fame, a British Television programme from the 1960s
The idea of a PIN stored on the card was developed by the British engineer John Rose in 1965.
the modern, networked ATM was invented in Dallas, Texas, by Don Wetzel in 1968
Notable historical models of ATMs include the IBM 3624 and 473x series, Diebold 10xx and TABS 9000 series, and NCR 5xxx series.
Functions of ATM
24-hour access to cash
View Account Balances & Mini-statements
Order a Cheque Book / Account Statement
Transfer Funds between accounts
Refill your Prepaid card
Pay your utility bills
Deposit cash or cheques
Change your PIN
Learn about other products
ATM Card
On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smartcard with a chip, that contains a unique card number and some security information.
Security is provided by the customer entering a personal identification number (PIN).
Reg Varney using the first ATM in 1967
Structure of ATM
Card reader
Keypad
Speaker
Display screen
Receipt printer
Cash dispenser
Card reader
The card reader captures the account information stored on the magnetic stripe on the back of an ATM/debit or credit card. The host processor uses this information to route the transaction to the cardholder's bank.
Keypad
The keypad lets the cardholder tell the bank what kind of transaction is required (cash withdrawal, balance inquiry, etc.) and for what amount. Also, the bank requires the cardholder's personal identification number (PIN) for verification. Federal law requires that the PIN block be sent to the host processor in encrypted form.
Display screen
The display screen prompts the cardholder through each step of the transaction process. Leased-line machines commonly use a monochrome or color CRT (cathode ray tube) display. Dial-up machines commonly use a monochrome or color LCD.
Receipt printer
The receipt printer provides the cardholder with a paper receipt of the transaction
Cash dispenser
The heart of an ATM is the safe and cash-dispensing mechanism. The entire bottom portion of most small ATMs is a safe that contains the cash.
Working Of ATM
