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.


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.
References in periodicals archive ?
On Friday, he once again had managed to break into an ATM booth in Rahim Yar Khan and was trying to break open the ATM machine when he was apprehended by the police.
Later on, on March 3, an ATM machine of Kyrgyzstan commercial bank was broken and robbed of 1.5 million soms in Osh city.
he said the purpose of opening ATM machines was to ensure that the credit was available to the farmers round the clock.
A Northumbria Police spokeswoman said: "At about 1.22am today [Wednesday we received a report of an attempted theft of an ATM machine at Best One stores, North Crescent in Stakeford.
A Northumbria Police spokeswoman said: "At about 1.22am we received a report of an attempted theft of an ATM machine at Best One stores at North Crescent in Stakeford.
The police official quoted bank employees as saying that the lockers of the bank were intact as the accused damaged the ATM machine only to steal money.
A constituent had complained that residents in the area had continued to witness situations where policemen got people arrested and forcefully demanded money and should they fail to produce such, they would force and follow those arrested to the ATM machine to get such money withdrawn and given to them.
Word is around the campfire that DG Cash has already purchased its second crypto ATM machine, but this one will be installed in Malta, where DG also operates.
DBP president and chief executive officer Cecilia Borromeo said the newly-installed DBP ATM is the first and only ATM machine located at the world-famous tourist site.
The BJP yesterday termed as "absolutely demeaning" the remarks of Karnataka Chief Minister H D Kumaraswamy that he was at mercy of Congress and not of the state's 65mn people, saying he has become "chief manager of the Congress' ATM machine" in the state.
Binyamen said that public can get milk after putting cash into the ATM machine.
Amman, Feb 26 (Petra) -- Criminal investigation officers on Monday arrested three people, who tried to steal a ATM machine in the Balqa Governorate three days ago, according to a security source.