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 ?
Keywords: Automated Teller Machine, ATM, ATM Layout, Human computer interaction, HCI.
According to Research and Markets, the study covers the state of the global automated teller machines market, examining drivers and restraints for growth, distribution, technology, demand and geographical trends.
Every device with an electrical component, from automobiles to automated teller machines, would be affected.
A matrix shows how the access control methods are used in common settings, such as automated teller machines, magnetic door keys, and firewalls
Automated teller machines, now an everyday way of banking, have been installed in convenient locations all over the country.
Named the Hartford Insurance Claim card, it can be used at more than 19 million locations that accept Visa, such as retailers, automated teller machines and banks.
The prevailing theory that automated teller machines were responsible for infesting bank notes was also investigated and refuted.
Reports are generated on topics ranging from air pollution to automated teller machines.
They use human tellers at banks and not automated teller machines. A young Japanese man came into my study not long ago, saw my Royal office typewriter, and asked whether he could take a picture of it.
ICL has introduced CardStore, its new application for the Fujitsu Series 7000 automated teller machines. The application combines smart card technology with account balance, transaction history and fingerprint reference data embedded on the smart card, and fingerprint recognition by a fingerprint scanner to provide ATM and cash-dispensing capabilities.
People often mistakenly believe that technology has primarily affected the manufacturing sector, but, as Rifkin points out, automated teller machines and voice-recognition technologies are rapidly eliminating millions of traditional service-sector jobs as well.
For the long term, Hazen is looking to save money and attract new business by closing dozens of traditional branches and increasing use of alternative channels for reaching customers - telephones, automated teller machines, computers.

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