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    Automated Teller Machine: Presented By

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    nirveshdagar
    An ATM (Automated Teller Machine) allows customers to withdraw cash, deposit funds, and conduct other basic banking transactions without interacting with a human teller. The first working ATM was installed in 1967 in London. Modern ATMs use magnetic stripe cards containing account information. ATMs can be either fixed machines located in banks and other businesses, or mobile units that travel to different locations. ATMs provide convenient 24/7 banking access but also have some disadvantages like occasional network outages or running out of cash. Future enhancements may include voice or fingerprint authentication.

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    Automated Teller Machine: Presented By

    Uploaded by

    nirveshdagar
    103 views20 pages
    An ATM (Automated Teller Machine) allows customers to withdraw cash, deposit funds, and conduct other basic banking transactions without interacting with a human teller. The first working ATM was installed in 1967 in London. Modern ATMs use magnetic stripe cards containing account information. ATMs can be either fixed machines located in banks and other businesses, or mobile units that travel to different locations. ATMs provide convenient 24/7 banking access but also have some disadvantages like occasional network outages or running out of cash. Future enhancements may include voice or fingerprint authentication.

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    dagar nirvesh

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    An ATM (Automated Teller Machine) allows customers to withdraw cash, deposit funds, and conduct other basic banking transactions without interacting with a human teller. The first working ATM was installed in 1967 in London. Modern ATMs use magnetic stripe cards containing account information. ATMs can be either fixed machines located in banks and other businesses, or mobile units that travel to different locations. ATMs provide convenient 24/7 banking access but also have some disadvantages like occasional network outages or running out of cash. Future enhancements may include voice or fingerprint authentication.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    103 views20 pages

    Automated Teller Machine: Presented By

    Uploaded by

    nirveshdagar
    An ATM (Automated Teller Machine) allows customers to withdraw cash, deposit funds, and conduct other basic banking transactions without interacting with a human teller. The first working ATM was installed in 1967 in London. Modern ATMs use magnetic stripe cards containing account information. ATMs can be either fixed machines located in banks and other businesses, or mobile units that travel to different locations. ATMs provide convenient 24/7 banking access but also have some disadvantages like occasional network outages or running out of cash. Future enhancements may include voice or fingerprint authentication.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 20

    AUTOMATED TELLER

    MACHINE

    Presented By:-
    NIRVESH KUMAR
    B.Tech. (E.C.) Final Year
    Contents
    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.
    History
     It was first developed and built by Luther George and
    installed in 1939 in New York but removed after 6
    months due to the lack of customer.

     ATM’s paused for over 25years.

     After that De La Rue developed the first electronic


    ATM, which was installed first in Enfield Town in
    North London, on 27 June 1967 by Barclays Bank.

     The idea of a PIN stored on the card was developed by


    the British engineer James Goodfellow in 1965.
    Actual view of an ATM
    ATM Types
    ATM’s broadly fall into two categories:-

    1. Fixed ATM’s.

    2. Mobile ATM’s.
    Fixed ATM’s
     These are the ATM’s 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.
    Mobile ATM’s
     These ATM’s are working
    on moving vehicles and
    they move around the city.

     These ATM’s stay for


    sometime at particular
    time and place.
    Features
    Internal structure of an ATM
    Working of an ATM
     ATM has a small display and a keyboard. It
    runs a program that is usually written by the
    bank. The program follows a particular
    pattern.
     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.
    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 ATM’s.
    Disadvantages
     Sometime network is not working.
     Sometime we cannot withdraw money
    due to lack of money cash cartidge.
     Benefit from ATM such as multimedia
    are rare.
     Expensive to install the hole setup.
     ATM can replace 4-5 persons job so
    there is unemployment.
    FUTURE ENDEVOURS
     Voice activated ATMs, ATM’s 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 ATM’s
    Reference
    THANK YOU
    QUESTIONNAIRE

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