automated teller machine
Sign in to savethumb|An old Nixdorf Computer|Nixdorf ATM in Germany () thumb|right|Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premises [[Wincor Nixdorf mono-function ICA ATM in Sweden.]] An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance or account information inquiries, at any time and without the need for direct interaction with bank staff.
AI overview
An automated teller machine (ATM) is an electronic device that lets bank customers perform financial tasks like withdrawing cash, depositing money, transferring funds, or checking account information without needing to speak to a bank employee. ATMs matter because they allow people to access these banking services at any time, making financial transactions more convenient and accessible.
AI-generated from the Wikipedia summary — may contain errors.
Article
29 sectionsContents
- History
- Invention
- Propagation
- Docutel in the United States
- Further advances
- Location
- Financial networks
- Global use
- Hardware
- Software
- Impact on labor
- Security
- Physical
- Transactional secrecy and integrity
- Customer identity integrity
- Device operation integrity
- Customer security
- Jackpotting
- Encryption
- Uses
- Reliability
- Fraud
- Card fraud
- Related devices
- See also
- References
- Further reading
- Primary sources
- External links
thumb|An old Nixdorf Computer|Nixdorf ATM in Germany () thumb|right|Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premises [[Wincor Nixdorf mono-function ICA ATM in Sweden.]] An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance or account information inquiries, at any time and without the need for direct interaction with bank staff.
ATMs are known by a variety of other names, including automatic teller machines (ATMs) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term automated banking machine (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM rather than ABM. In British English, the terms cashpoint, cash machine and hole in the wall are also used. ATMs that are not operated by a financial institution are known as "white-label" ATMs.