Wednesday, March 21, 2007

What is an ATM?

ATM: Automated Teller Machine
It is a computerised telecommunications device which is commonly used nowadays all over the world for Banking Related Transactions in a public space.

The user has to first insert his ATM card into the machine and then enter his PIN(Personal Identification Number) number for security reasons.
By using an ATM, bank customers can access their accounts, make cash withdrawals, check the bank balance, check last transactions, pay credit card bill, pay bills, or purchase goods and services.

ATMs were first introduced by Barclays Bank.

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