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 ?
Kin, Investigating the Human Computer Interaction Problems with Automated Teller Machine (ATM) Navigation Menus, Computer and Information Science, 1-2:34-51(2008).
A notice that a fee may be imposed by an automated teller machine operator as defined in section 205.16(a)(1), when the consumer initiates an electronic fund transfer or makes a balance inquiry, and by any network used to complete the transaction.
We are working to upgrade the capacity of Automated Teller Machine (ATM) and modernize the infrastructure of NBP to meet the international banking standard, President of the bank, Syed Ahmed Iqbal Ashraf said after inaugurating ATM facility at National Press Club here Thursday.
Thailand-based Kasikornbank Public Company Limited (KBank) has announced that it has selected a solution from Diebold to enhance personalized consumer experiences at the automated teller machine (ATM).
The Board stated that, from a recipient's viewpoint, an EBT system functions much the same as if the recipient had an ordinary checking account with direct deposits of government benefits and with automated teller machine and point of sale service available to access the benefits and that all consumers using EFI services should receive substantially the same protection under the EFTA and Regulation E, absent a showing that compliance costs outweigh the need for consumer protections.
KARACHI -- A judicial magistrate sentenced on Monday two Chinese nationals to one year imprisonment in a case pertaining to stealing data from an automated teller machine.
(1.)The surveys of automated teller machine services and safe deposit box services were conducted in 1988 instead of 1989.
A roadside automated teller machine (ATM) in Kitami, eastern Hokkaido, was found destroyed and moved about 50 meters in a suspected burglary attempt early Friday morning but no cash was apparently stolen, Hokkaido police said.
6710, which was unanimously approved on final reading with 224 votes, would also mete out this penalty for fraud involving more than 50 automated teller machine (ATM) cards.
The central bank said that banks would not be allowed to raise basic monthly credit card ownership fees, automated teller machine charges and other fees by more than 10 percent this year.

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