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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The Department of Trade and Industry (DTI) will oppose an increase in the fee for withdrawing cash from automated teller machines (ATMs) following the lifting of the cap on the charge, according to Trade Secretary Ramon Lopez.
Fonacier said they decided to lift the moratorium on ATM fees to "create opportunities for banks to be able to serve the banking public."
The robbers who stole millions of shillings from four ATMs belonging to Barclays Bank during the Easter holiday were so clever that they chose off-site machines, which would have taken time for the bank to discover that money had been stolen.This comes as an initial forensic analysis of the four affected ATMs on Tuesday raised the amount of money stolen to Sh14 million from the initial Sh11 million.
Flying Squad officers last evening were searching for a Toyota Probox caught on camera with three men believed to be the cybercriminals who stole more than Sh11 million from four ATMs in Nairobi.
"This would severely impact millions of beneficiaries under the Pradhan Mantri Jan Dhan Yojana who withdraw subsidies in form of cash through ATMs, besides urban centres, resulting in snaky queues and chaos akin to post-demonetisation," Balasubramanian told IANS.
Link's figures also show that, of the total free-to-use cash machine network, the number of ATMs reduced by 1,400 between the end of January and the start of August, leaving 53,100 remaining.
Plasencia added that with the Dolphin Debit ATMs, if there are any machine issues, technicians respond immediately to fix the problem and the credit union doesn't have to be concerned with managing them on a day-to-day basis.
In the statement made available to the News Agency of Nigeria (NAN), Ezirim said that about 402,102 bill payments were made through Firstbank's ATMs in 2017, while airtime worth about N1.7 billion was purchased through the machines.
"These attacks infiltrate an ATM network offline, or from a piece of hardware known as a Cyblack box' placed inside the ATM, and connected directly to the cash dispenser.
According to the Federal Investigation Agency (FIA), the suspects were involved in manipulating ATM machines to take out money.
KARACHI: A district court on Monday sentenced two Chinese nationals to one-year sentence along with a fine of Rs50,000 each, for being involved in the automated teller machine (ATM) skimming scandal.Earlier, a judicial magistrateremanded the two Chinese nationals, allegedly involved in ATM skimming into the custody of Federal Investigation Agency.
KARACHI: A district court sentenced two Chinese nationals to one-year imprisonment and imposed a fine of Rs50,000 each over their involvement in automated teller machine (ATM) skimming here on Monday.