Are you willing to know the detailed information about the ATMs? Here is the article which provides you the detailed information about the ATMs. As we all knew that ATMs is known as an Automated teller machine. It is an electronic Banking outlet that allows the customers to complete the basic transactions without the aid of a branch representative. Here anyone with a credit card (or) debit card can access most ATMs.
The first ATM appeared in London in 1967, and in less than 50 years, ATMs are spread around the globe and a securing a presence in every major country and even tiny little island nations such as Kiribati and the Federated States of Micronesia.
| Note:- The average amount withdrawn from an ATM is $60 |
Maybe the design for all the ATM is different, but they all contain the same basic parts:
Parts of ATM:-
- Card reader: This part reads the chip on the front or the magnetic stripe on the back of the card.
- Keypad: The keypad allows the consumer to input information like the PIN, the type of transaction he or she intends to do, and the amount of the transaction.
- Cash dispenser: Bills are dispensed through a slot in the machine, which is connected to a safe at the bottom of the machine.
- Printer: If required, consumers can request receipts which are printed here. The receipt records the type of transaction, the amount, and the account balance.
- Screen: The ATM issues prompts that guide the consumer through the process of executing the transaction. Information is also transmitted on the screen such as account information and balances.
