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automated teller machine
(redirected from Minibank)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with information on a magnetic strip. The strip contains an identification code that is transmitted to the bank's central computer by modem modem [modulator/demodulator], an external device or internal electronic circuitry used to transmit and receive digital data over a communications line normally used for analog signals.
..... Click the link for more information. . To prevent unauthorized transactions, a personal identification number (PIN) must also be entered by the user using a keypad. The computer then permits the ATM to complete the transaction; most machines can dispense cash, accept deposits, transfer funds, and provide information on account balances. Banks have formed cooperative, nationwide networks so that a customer of one bank can use an ATM of another for cash access; by 1997 there were more than 160,000 ATMs across the United States. Some ATMs will also accept credit cards credit card, device used to obtain consumer credit at the time of purchasing an article or service. Credit cards may be issued by a business, such as a department store or an oil company, to make it easier for consumers to buy their products.
..... Click the link for more information.  for cash advances. The first ATM was installed in 1969 by Chemical Bank at its branch in Rockville Centre, N.Y. A customer using a coded card was dispensed a package containing a set sum of money.
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uk or by calling 0870 60 60 900 CAPTION(S): A SMILING FACE: Moira has become an integral part of the Niger community; A HELPING HAND: Moira, left, has helped women set up minibanks but she knows the outlook will be poor if the seeds planted in July, far left, cannot be harvested
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The new, nationwide Fastbank network is a combination of the former Fastbank network in Minnesota, South Dakota, North Dakota and Wisconsin and the Minibank network in Colorado and Wyoming, as well as the addition of numerous other ATMs across the nation.
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Elan also owns and operates two shared regional networks, Fastbank and Minibank, that allow financial institution members to provide reciprocal deposit and surcharge privileges to their customers at expanded ATM locations within designated regions.
Elan Financial Services Expands Its Offering; Provides One-Stop Shop ... by Business Wire
 
 
 
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