Automated teller machine

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Automated teller machine (ATM)

Computer-controlled terminal located on the premises of financial institutions or elsewhere, though which customers may make deposits, withdrawals or other transactions as they would through a bank teller. Other terms sometimes used to describe such terminals are customer-bank communications terminal (CBCT) and remote service unit (RSU). Groups of banks sometimes share ATMs. Sometimes called Automated Banking Machines.

Automated Teller Machine

Commonly called an ATM. A computer program located in a kiosk allowing the user to conduct certain banking transaction. Most often, an ATM allows the user to withdraw cash, but one may also check the balance of an account, make a deposit, make a payment, or conduct other transaction. The user may be assessed a fee to use an ATM, especially if the user's account is at a bank other than the one that owns the ATM.
References in periodicals archive ?
With three murders in three months at ATMs and the murder of a woman in the Valley, we have to recognize that these machines are dangerous to use during certain hours,'' Hahn said.
While each bank sets its own ATM fees and transaction charges vary, fees charged when using ATMs affiliated with your bank's regional network are typically less than those incurred when using an ATM through a national ATM network," said Kucler.
During the fiscal year ending March 2007, OKI shipped to Nautilus, 5,000 bill recycling modules for ATMs, which will be sold as ATMs in the Korean market.
Advanced ATM processing capabilities needed to interface terminal devices to the host system, including custom headers, data manipulation and special routing
Its product, ATM Manager Pro, is a first-of-its-kind solution for comprehensive ATM channel management.
DCB will also connect its ATMs to Cashnet, the multilateral shared network of ATMs spread across over 200 cities in India.
in San Mateo, which owns the Plus ATM network, this month launched a technology also allowing member banks to sell a variety of products.
Wellfleet's high-speed ATM interface will leverage ATM's bandwidth efficiency, scalability, and networking flexibility to allow users operating bandwidth intensive LAN-based applications to interface with third-party, standards-compliant ATM switches in public or private networks," continued Collins.
Market Situation Analysis for the ATM Market of the Various Geographic Regions Gives a Truly Global Perspective
Triple DES encryption, a higher standard of data encryption, is the newest communications security upgrade for ATMs required by VISA(R) and MasterCard(R) and is designed to better protect electronically transmitted data.
Fastbank has more than 7,000 ATMs in strategic locations throughout 47 states, plus the District of Columbia, while Fastbank Free offers 3,200 ATMs in 24 states.
Oki's choice of Kalignite to create its ATM solution demonstrates Oki's commitment to Open Standards," said Aravinda Korala, CEO of KAL "We are seeing a rapid swing by banks towards open-standards and best-of-breed solutions.