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ATM machine

   Also found in: Financial, Wikipedia 0.03 sec.

ATM machine

(Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. The ATM calls up the bank's computers to verify the balance, dispenses the cash and then transmits a completed transaction notice. The word "machine" in the term "ATM machine" is certainly redundant, but widely used.

The Money Machine
Rubber rollers move one bill at a time from the currency box (each holds about 2,000 bills) to the dispenser area. A sensor determines if two or more bills are stuck together or if the wrong denomination was pulled and causes them to be inserted into the reject box.



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Police somewhat jokingly speculated that the burglar may have brought the hand truck on his burglary attempt because he had a bad back, but soberly, they assume that he brought it along so that he could carry away the store's ATM machine.
The 2,800-SF building will include an ATM machine and a drive-up window for customer convenience.
 
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