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ATM machine

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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. See Bitcoin ATM.


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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References in periodicals archive
ATM Introduction: Automated Teller Machine or ATM is a two way computerized and communication device that provides automated financial services.
M-2019-020 lifting the moratorium on automated teller machine (ATM) fees.
Two Chinese nationals were arrested bypolicefor placing a skimming device on an automated teller machine (ATM) in Karachi's Zainab Market on Wednesday.Sources said that when onlookers came to know of their suspicious activities, they informed the police.
A man, allegedly under the influence of alcohol, went berserk and smashed the screen of an automated teller machine (ATM) at a bank in Jalan Pahlawan yesterday, after the ATM failed to dispense cash.
ISLAMABAD -- Commercial banks have been directed to ensure availability of Automated Teller Machine (ATM) services round the clock and also that cash is dispensable through machines throughout the Eid Holidays.
ASAS adds an enhanced level of security to ISA Server systems, giving users the security of two-factor authentication in a solution that's as intuitive and easy to use as an automated teller machine.
The Federal Reserve Board published on March 1, 2001, a final rule amending Regulation E (Electronic Fund Transfers) to implement provisions of the Gramm-Leach-Bliley (GLB) Act requiring disclosure of automated teller machine (ATM) fees.
Two security guards and a client withdrawing cash from the bank's automated teller machine were slightly injured and rushed to St.
Summary: New Delhi [India], Apr 13 (ANI): Delhi Police on Saturday claimed to have busted a gang of automated teller machine (ATM) robbers.
BAHAWALNAGAR -- The B-Division police on Sunday took into custody a bank manager during investigation into theft of cash from a private bank's automated teller machine (ATM).
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