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 ?
Another controversial area involves the proper classification of automatic teller machines (ATMs).
You've probably selected a bank that offers a card you can use at most automatic teller machines, because it uses standard and popular financial networks like MOST, Cirrus, and others.
The lesson that city attorneys across the country have learned is that if begging is banned from a particular part of the city (i.e., the subway or near automatic teller machines) or defined somewhat narrowly (i.e., aggressive panhandling), the courts will generally uphold restrictions.
Consider what happened when banks introduced automatic teller machines. They gradually became the preferred method of transaction for most routine business, and suddenly standing in long lines, for anything, anywhere became unacceptable.
There are still consumers who are not aware that the same plastic cards they use to get money out of automatic teller machines can, in may cases, be used to pay for groceries at he checkout, as well as gas at gas stations.
Diebold Nixdorf provides automatic teller machines, financial and point of sale (POS) services.
New Finance Bank Malawi Limited said that it has launched its online banking system and automatic teller machines.
ISLAMABAD -- Despite the clear directive of the State Bank of Pakistan to ensure proper maintenance of the Automatic Teller Machines (ATM), the commercial banks failed to comply with it which is irksome for the general public especially the salaried class.
Rakbank has launched the first Chinese-enabled Automatic Teller Machines (ATMs) in the region, in line with its efforts to cater to the growing number of Chinese customers in the UAE.
Spanish bank BBVA (NYSE: BBV) (BBVA.MC) has launched its new state-of-the-art, touch screen automatic teller machines touted as 'ATMs of the future.'
IY Bank, which is 65.1% jointly owned by the supermarket chain operator and Seven-Eleven Japan Co., an Ito-Yokado subsidiary, runs automatic teller machines (ATMs) installed at these retailers' shops.

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