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    Automated Teller Machine

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    Eigra Emliuqer
    An Automated Teller Machine (ATM) allows bank customers to access their accounts and conduct transactions without a human teller. ATMs were invented in the 1960s and first installed in 1967. ATMs allow users to check balances, withdraw and deposit cash, transfer funds between accounts, and obtain other services like purchasing stamps. Users insert their debit card and enter a PIN to access their accounts through the ATM 24/7.

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    © All Rights Reserved
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    Automated Teller Machine

    Uploaded by

    Eigra Emliuqer
    66 views8 pages
    An Automated Teller Machine (ATM) allows bank customers to access their accounts and conduct transactions without a human teller. ATMs were invented in the 1960s and first installed in 1967. ATMs allow users to check balances, withdraw and deposit cash, transfer funds between accounts, and obtain other services like purchasing stamps. Users insert their debit card and enter a PIN to access their accounts through the ATM 24/7.

    Original Description:

    uml diagram

    Original Title

    AUTOMATED-TELLER-MACHINE

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    An Automated Teller Machine (ATM) allows bank customers to access their accounts and conduct transactions without a human teller. ATMs were invented in the 1960s and first installed in 1967. ATMs allow users to check balances, withdraw and deposit cash, transfer funds between accounts, and obtain other services like purchasing stamps. Users insert their debit card and enter a PIN to access their accounts through the ATM 24/7.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    66 views8 pages

    Automated Teller Machine

    Uploaded by

    Eigra Emliuqer
    An Automated Teller Machine (ATM) allows bank customers to access their accounts and conduct transactions without a human teller. ATMs were invented in the 1960s and first installed in 1967. ATMs allow users to check balances, withdraw and deposit cash, transfer funds between accounts, and obtain other services like purchasing stamps. Users insert their debit card and enter a PIN to access their accounts through the ATM 24/7.

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    © All Rights Reserved
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    You are on page 1of 8

    AUTOMATED

    TELLER
    MACHINE
    IT E1 – OBJECT ORIENTED PROGRAMMING​
    What is an Automated Teller Machine (ATM)?

    An Automated Teller Machine, better known as


    an ATM, is a specialized computer that makes it
    convenient for bank account holders to manage their
    money. It allows them to check their account balances,
    withdraw or deposit money, transfer money from one
    account to another, print a statement of account
     transactions, and even purchase stamps. By inserting
    an ATM or debit card in the machine and entering a
    Personal Identification Number (PIN), one can access
    the services above 24 hours a day, 7 days a week.
    History of Automated Teller Machine (ATM).

    In 1960, an American named Luther George Simjian


    invented the Bankograph, a machine that allowed
    customers to deposit cash and checks into it. And

    The first ATM was set up in June 1967 on a


    street in Enfield, London at a branch of
    Barclays Bank, credited to a British inventor
    named John Shepherd-Barron.
    Functionality of Automated Teller Machine (ATM).

    ATM machines are primarily used for withdrawing cash from a bank account.
    But you can also use many of them to check account balances, get cash advances
    from credit card accounts, make deposits and even buy postage stamps

     Getting Money from an ATM


    • Automated teller machines, or ATMs, are a common way to conduct banking
    business.
    • Among the most common uses of an ATM is withdrawing cash from a checking or
    savings account. Generally, to take money out of an ATM, you'll need to insert a
    debit card provided by your bank, enter a PIN number and indicate how much
    money you want to withdraw. If you're unsure how much money is in your account,
    you can usually check your balance from the ATM before making your withdrawal.
    Functionality of Automated Teller Machine (ATM).

     Making a Deposit
    • Some banks allow customers to deposit cash and even checks at an ATM. Which
    ATMs you can use to make deposits, and how much you're able to deposit at a time,
    can vary from institution to institution.
    • Some ATMs will save photos of the checks you deposit so you can review them later
    through online banking.

     Credit Card Cash Advances


    • Many credit cards allow their customers to get cash advances through an ATM.
    There's typically a fee for doing so, and you're usually charged interest as well, since
    you're essentially borrowing the money from your credit card company. That means
    taking money out of a checking or savings account is often a better option if you
    have the funds available.
    Purpose of Automated Teller Machine (ATM).

     Money transactions
    • An Automated Teller Machine (ATM) is an electronic machine that is used
    for money transactions. It is also known as the automatic machine and works as a
    banking platform that does not require any human cashier or teller/representative. It
    is a self-service banking outlet where you can check your balance, withdraw money,
    or transfer funds.
    UML Diagram of Automated Teller Machine (ATM).

    .
    THANK YOU !

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