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ATM' An electronic banking outlet, which allows customers to complete basic transactions without the aid of a branch representative or teller. There are two primary types of automated teller machines.
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SECURITY FEATURES OF ATM ATM-AUTOMATED TELLER MACHINES
DEFINITION OF ATM • ATM' An electronic banking outlet, which allows customers to complete basic transactions without the aid of a branch representative or teller. There are two primary types of automated teller machines. • ATM is "At The Moment" or "Automated Teller Machine (cash machine)“. • Atm is realated to the at the moment or the cash machine.
BENEFITS OF ATM • You can withdraw cash at any time, day or night • ATMs offer the convenience of multiple locations. ... • Your ATM card is protected by a PIN, keeping your money safe. • You don't need to fill out withdrawal and deposit slips as is required at the bank. • ATMs are faster than going to the bank—no long lines.
DISADVANTAGES OF ATM • New customer premises hardware and software are required • Presently the applications that can benefit from ATM such as multimedia are rare The wait, with all the promise of ATM’s capabilities many details are still in the standards process. • New customer premises hardware and software are required Competition from other technologies -100 Mbps FDDI, 100 Mbps Ethernet and fast Ethernet
SECURITY FEATURES OF ATM • TCP (Transmission control protocol) • Connection oriented protocol. • It is a standard network protocol, Connection oriented • SMTP (Simple Mail Transfer Protocol): • X.25-it is a standard network protocol, Connection oriented. • NMP (Simple Network Management Protocol)- Used when information in entered through the keypad.
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