atm by chetan singharia

8/14/2019 ATM by Chetan Singharia

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An automated teller machine (ATM)

or the automatic banking

machine (ABM) is a computerized

telecommunications device that

provides the clients of a financial

institution with access to financialtransactions in a public space without

the need for a cashier, human clerk

or bank teller. On most modern ATMs,

the customer is identified by inserting

a plastic ATM card with a magnetic

stripe or a plastic smartcard witha chip, that contains a unique card

number and some security

information, such as an expiration date

orCVVC. Authentication is provided

by the customer entering a

personal identification number(PIN).
http://en.wikipedia.org/wiki/ATM_cardhttp://en.wikipedia.org/wiki/Card_Security_Codehttp://en.wikipedia.org/wiki/Personal_identification_numberhttp://en.wikipedia.org/wiki/Personal_identification_numberhttp://en.wikipedia.org/wiki/Personal_identification_numberhttp://en.wikipedia.org/wiki/Card_Security_Codehttp://en.wikipedia.org/wiki/ATM_card


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Using an ATM, customers can

access their bank accounts in

order to make cash withdrawals(or credit card cash advances)

and check their account balances

as well as purchasing mobile cell

phone prepaid credit. ATMs are

known by various other names

including automated transactionmachine, automated banking

machine, cash point(in

Britain), money machine, bank

machine, cash machine, hole-in-

the-wall, cash point, Bancomat(in

various countries in Europe andRussia), Multibanco (after a

registered trade mark,

in Portugal), andAny Time

Money.


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An automatic teller machine or

ATM allows a bank customer to

conduct their banking transactions

from almost every other ATM

machine in the world. As is oftenthe case with inventions, many

inventors contribute to the history

of an invention, as is the case with

the ATM. Read each page of this

article to learn about the manyinventors behind the automatic

teller machine or ATM. In 1939,

Luther Simjian patented an early

and not-so-successful prototype of

an ATM.


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However, some experts have the opinion

that James Goodfellow of Scotland holds

the earliest patent date of 1966 for amodern ATM, and John D White (also of

Docutel) in the US is often credited with

inventing the first free-standing ATM

design. In 1967, John Shepherd-Barron

invented and installed an ATM in a

Barclays Bank in London. DonWetzelinvented an American made ATM in

1968.

However, it wasn't until the mid to

late 1980s that ATMs became part of

mainstream banking.There is somecontroversy over who invented the ATM.

A reveiw of papers submitted to

atmmachine.com can be found on their

website. http

://www.atmmachine.com/atm-inventor.html
http://inventors.about.com/od/astartinventions/a/atm_2.htmhttp://inventors.about.com/od/astartinventions/a/atm_2.htmhttp://inventors.about.com/od/astartinventions/a/atm_3.htmhttp://inventors.about.com/od/astartinventions/a/atm_3.htmhttp://www.atmmachine.com/atm-inventor.htmlhttp://www.atmmachine.com/atm-inventor.htmlhttp://inventors.about.com/od/astartinventions/a/atm_3.htmhttp://inventors.about.com/od/astartinventions/a/atm_3.htmhttp://inventors.about.com/od/astartinventions/a/atm_2.htmhttp://inventors.about.com/od/astartinventions/a/atm_2.htmhttp://inventors.about.com/od/astartinventions/a/atm_2.htm


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1. Cardboard (Big) 4

2. Silver Tone Paint (100 ml) 13. Push Button 1

4. Click Button 1

5. Wire (2mm) 10 m

6. 9 volt Battery 4

7. 9 volt Battery Clip 4

8. Num Pad Keys 109. One Touch Switch 1

10.OHP Sheets 2

11.Motors 2

12.Pipes (32 cm) 2

13.Led Lights 40

14.Credit Card 115.Chart Paper 2

16.Sticky Tapes 2

17.Fake Notes 20

18.M Seal 1

19.Lock 1

20. Soldering Equipments 3


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1.Switch on the main power supply button situated inside the ATM Machine.

2.Press the select button.

3. Follow the instructions displayed in the screen.

4.Insert your card.

5. After completion of 3 step turn the cash out button.

6.Your cash will drop out from the cash out area.

7.Now your transaction has successfully done.

8.Take out your card.

9.Reverse the screen roll to start again.

10.Happy Banking!!


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atm by chetan singharia

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