Documente Academic
Documente Profesional
Documente Cultură
MIS Assignment
SYSTEMS THINKING
Focuses on how the things being studied interact with the other constituents of the system IT IS APPLICABLE TO: 1. Complex problems that involve seeing the BIG PICTURE 2. Recurring problems 3. Issues where an action affects the environment 4. problems whose solutions are not very obvious An ATM is a deterministic system which is predictable in inputs and delivery
All its parts i.e , the machine, the money inside it, the security installation /recruited, network everything is essential for the proper functioning of ATM as a system
ATM location and arrangement is very strategical wherein the different parameters such as the population density, transaction needs, competitors, cost on banks side etc. are taken into consideration The feedback from the customers, bank correspondents can have an affect in the subsequent strategies and actions. This way they can make themselves stable
Introduction
An automated/automatic teller machine (ATM) is also known as an automated banking machine (ABM), Cashpoint, cash machine or sometimes a hole in the wall in British English. It is a computerized telecommunications device that provides the clients of a financial institution with access to financial transactions in a public space without the need for a cashier, human clerk or bank teller. The idea of self-service in retail banking developed through independent and simultaneous efforts in Japan, Sweden, the United Kingdom and the United States.
Location
Inside the premises of a bank.
Networks
Most ATMs are connected to interbank networks.
Enables people to withdraw and deposit money from machines not belonging to the bank where they have their accounts or in the countries where their accounts are held.
Some examples of interbank networks include NYCE, PULSE, PLUS, Cirrus, AFFN, Interswitch, STAR, and LINK. Many banks charge ATM usage fee. In some cases, these fees are charged solely to users who are not customers of the bank where the ATM is installed; in other cases, they apply to all users.
Security
Encryption of personal information, required by law in many jurisdictions, is used to prevent fraud. Alternate methods to verify cardholder identities have been tested and deployed in some countries, such as finger and palm vein patterns, iris, and facial recognition technologies. Alarm sensors are placed inside the ATM and in ATM servicing areas to alert their operators when doors have been opened by unauthorized personnel. Security guards and vigilance camera installation Bank lobbies that are not guarded 24 hours a day may also have secure doors that can only be opened from outside by swiping the bank card against a wallmounted scanner, allowing the bank to identify which card enters the building.
On-screen safety warnings and may also be fitted with convex mirrors above the display allowing the user to see what is happening behind them.
ATMs that are exposed to the outside must be vandal and weather resistant
Common Uses
Cash withdrawals
Alternative Uses
Paying routine bills, fees, and taxes (utilities, phone bills, social security, legal fees, taxes, etc.) Printing bank statements Cheque processing Adding pre-paid cell phone / mobile phone credit. Gold transaction: Machine will swap your plastic or paper money for a small bar of the real stuff. Fast loans
Donations
Movie/Concert/Train tickets Money Transfer