ATM: AUTOMATED TELLER MACHINES

Prepared by,

Abhijith Rajasekharan

MBA departmentsLourdes Matha College of Science and Technology (LMCST) Kuttichal.

TVM, kerala

WHAT IS AN ATM ???

An automated teller machine (ATM) is a computerized telecommunications device that provides the customers of a financial institution / bank with access to financial transactions in a public space without the need for a human clerk or bank teller round the clock (24 hrs a day)

The ATM was invented by Scot John Shepherd-Barron and first person to use the machine was Reg Varney in 1960

REG VARNEY USING THE FIRST ATM IN 1967

ATM CARD

In ATMs, the customer is identified by inserting a plastic ATM card with a

magnetic stripe or a plastic smartcard with a chip, that contains a unique

card number and some security information.

Security is provided by the customer entering a personal identification

number (PIN).

FUNCTIONS OF ATM24-hour access to cash View Account Balances & Mini-statements Order a Cheque Book / Account StatementTransfer Funds between accounts Refill your Prepaid card Pay your utility bills Deposit cash or cheques Change your PIN Learn about other products

STRUCTURE OF ATMCard reader KeypadSpeakerDisplay screenReceipt printerCash dispenser

TYPES OF ATMWhite Label ATMBrown Label ATMOnline ATMOffline ATMOnsite ATMOff-site ATMMobile ATMBiometric ATMTalking ATMATMs For BlindsDrive In ATM

EXAMPLES OF ATMMobile ATM

Drive in ATM

EXAMPLES OF ATMOn-site ATM

Off-Site ATM

EXAMPLES OF ATMATM for Blinds

Biometric ATM

ATM FRAUDSCard cloning and making fake Atm card

Copy the OTP secretly or tactically

Attack On Atms

PIN crack

CONCLUSION I conclude that ATM is the easiest way of depositing and withdrawing

money. Transaction is possible any time, that’s why in India some people call ATM

s “all time money”. If ATM machines are connected to internet then its possible to do transaction from any where, 24 hours a days and 365 days a year.

To an extent ATM is safe, fast, reliable, convenient, excisable and any time money machine.

Thank U…