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ATM Presented by GROUP NO. 7

ATM Presented by GROUP NO. 7. Dhanya Neha Jitendra Amrapali. INTRODUCTION. An automated teller machine (ATM), also known as automatic banking machine (ABM), Automated Transaction Machine , bank machine, Cash Machine, or Cash point.

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ATM Presented by GROUP NO. 7

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  1. ATMPresented byGROUP NO. 7 • Dhanya • Neha • Jitendra • Amrapali

  2. INTRODUCTION An automated teller machine (ATM), also known as automatic banking machine (ABM), Automated Transaction Machine, bank machine, Cash Machine, or Cash point. It is a computerized telecommunications device that provides the clients of a financial institution . It is a self service banking machine attached to a host computer through a telephone network

  3. Contd… • ATM card has a layout with a magnetic stripe or a plastic smart card with a chip, that contains a unique card number and some security information • Using an ATM, customers can access their bank accounts in order to make cash withdrawals, credit card cash advances, and check their account balances as well as purchase prepaid cell phone credit.

  4. HISTORY LUTHER GEORGE SIMJIAN has first invented ATM machine which was previously called as Bankograph. It was installed in New York City in 1961 by the City Bank of New York. The Bankograph was an automated envelope deposit machine (accepting coins, cash and cheques) and it did not have cash dispensing features. A first cash dispensing device was used in Tokyo in 1966 .

  5. Contd... • In 1968 the networked ATM was pioneered in Dallas, Texas, by Donald Wetzel . • 1969, Chemical Bank installed the first ATM in the U.S. at its branch in Rockville Centre, New York • The first ATMs were designed to dispense a fixed amount of cash when a user inserted a specially coded card.

  6. Location ATMs are placed in locations such as shopping centers/malls, airports, grocery stores, petrol/gas stations, restaurants, etc… On and off premise.

  7. ATM ARCHITECTURE • Virtual Paths and Virtual Channels • Transmission Path • Virtual Path • Virtual Channel • Switching Hierarchy • Switching at the Transmission Path Level • Switching at the Virtual Path & Virtual Channel Level

  8. Contd… • LAN Emulation

  9. WORKING OF ATM

  10. BENEFITS OF ATM • FOR THE BANK: Increases existing business. Generates new business. Provides additional revenue streams. ATM pays for itself. • FOR THE CUSTOMER: Saves time and money. Can get cash whenever and wherever required.

  11. PARTS OF ATM

  12. TYPES OF ATM CONNECTIVITY • An ATM connects and communicates through a host processor . • Two types of connectivity Leased line Dial-up Line

  13. Contd… • Leased Line: ATM connects directly to the host through a 4 wire point-to-point dedicated phone line. • Dial-up Line: ATM connects to the host through a normal phone line using a modem and atoll free number. or Through an ISP using a local access number.

  14. ATM NETWORK

  15. Uses of ATM • Cash Withdrawal and Balance Enquiry • Cash /Cheque Deposit • Bill Payments • Sale of Paper Based Products • Third Party Advertising • Money Transfers • Recharge Mobiles via ATMs

  16. ATM Security • ATMs keep your personal identification number (PIN) and other information safe by using encryption software such as Triple DES (Data Encryption Standard). • Don't write down your PIN. If you must write it down, do not store it in your wallet or purse. • Make your PIN a series of letters or numbers that you can easily remember, but that cannot easily be associated with you personally. • Avoid using birth dates, initials, house numbers or your phone number.

  17. NEW INNOVATIONS • PC- based ATM. • ATM with keypad having Braille letters and numbers. • Wireless ATM • Mobile ATM

  18. CONCLUSION ATM is one of the gift from inventor to humanity .

  19. THANK YOU

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