It is a computerized telecommunication device that provides of a financial institution with access to financial transaction in a public space without the

need for a cashier , human clerk or bank teller. On ATMs customer is identified by inserting a plastic ATM card with a magnetic strip that contains a unique card number and identity information.

It is a card issued by a bank , credit union or building society that can be used at an ATM for deposits , withdrawals , account information or other kind of transactions , often through interbank networks. It is also known as bank card , client card , key card or cash card

The idea of self-service in retail banking leads to the development of an ATM machine The simultaneous efforts in Japan , Sweden , U.k.been credited in developing the first cash dispenser machine The first ATM called Bankograph was installed in Barkleys bank in north London U.K.on 27th june 1967

ATMs are not only placed in banks but also in the airports , grocery shops petrol stations , restaurants Or any place where large number of people gather There are two types of locations for the ATMs

1)ON PREMISIS->machines that accomplishes the actual bank branch and are more advanced and multi functioning and having a large capability of storing data and are very costly 2)OFF PREMISIS->machines that are developed by financial institutions where there is usually a straight need of cash and are cheaper and mono functioning

CPU (to control the user interface and transaction devices) Magnetic card reader (to identify the customer) DISPLAY (used by user for transactions) FUNCTION KEY OR TOUCH SCREEN (used to select various aspects of transaction) RECORD PRINTER (to provide user the record of their transactions) VAULT (to store the parts of machine requiring restricted transaction) HOUSING (for aesthetics and to assign signage)

1)No. Of attacks on atm resulted ,with thieves attempting to steal the whole atm 2)seal all the opening of atm with silicon 3)enter secret code for hacking 4)thieves harm a particular person when no one is around

To verify card holders identities have been tested and deployed in some countries, such as finger and palm vein patterns , iris , and facial recognition technologies must be included for safety

Today ATMs are been used globally The number of ATMs using currently are about 1.8 million Globally they are divided into seven regions ATMS are fastly using in CANADA , USA , EUROPE, JAPAN But yet to reach high number in the near east or africa

1)U have access to the cashin your bank account whenever u needed 2)For instance, u are in stores that doesnot take checks and credit cards but it has an atm you can withdraw the money for your purpose. 3)You can travel anywhere without cash 4)If you have ever faced a need of money,then you can probaply access on atm machine

Deposit currency recognition,acceptence,and recycling Paying routine bills,fees,and taxes Loading monetary value into stored value cards Purchasing(postage stamps,lottery tickets,train tickets, movie tickets, shopping mall gift certificates) Donating to charity Adding prepaid cell phones credit