Automated Teller Machine

ATM

WHAT IS ATM ?

An automated teller machine (ATM) is a computerized telecommunications device that provides the customers of a financial institution with access to financial transactions in a public space without the need for a human clerk or bank teller.

LOCATIO N

BLOCK DIAGRAM

HISTORY & INVENTION OF ATM

A mechanical cash dispenser was developed and built by Luther George Simjian and installed in 1939 in New York City by the City Bank of New York. Thereafter, the history of ATMs paused for over 25 years due to lack of customers, until De La Rue developed the first electronic ATM, which was installed first in Enfield Town in North London on 27June 1967 by Barclays Bank. The idea of a PIN stored on the card was developed by the British engineer John Rose in 1965.

ATMs first came into wide UK use in 1973; the IBM 2984 was designed at the request of Lloyds Bank. The 2984 CIT (Cash Issuing Terminal) was the first true Cashpoint, similar in function to today's machines; Cashpoint is still a registered trademark of Lloyds TSB in the U.K. Notable historical models of ATMs include the IBM 3624 and 473x series, Diebold 10xx and TABS 9000 series, and NCR 5xxx series.

Parts of the Machine

How does ATMs work ?

NETWORK

ATM Security

Customer Security Physical Security Transactional secrecy and integrity Customer identity integrity Device operation integrity

UNDER DEVELOPE Biometrics. Cheque/Cash Acceptance. Bar code scanning. On-demand printing of "items of value“. Dispensing additional media (such as phone cards). Co-ordination of ATMs with mobile phones. Customer-specific advertising. Integration with non-banking equipment.

BENIFIT  SDeposit & Withdraw of money get more easier

Printing bank statements Updating passbooks Purchasing

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