Noun an unattended machine outside some banks that dispenses money when a personal coded card is used. Meaning of Automatic Teller Machine.
Automated Teller Machine Termwiki Millions Of Terms Defined By People Like You
An automated or automatic teller machine also known as an automated banking machine cash machine cashpoint cashline or hole in the wall is a computerized telecommunications device that enables the clients of a financial institution to perform financial transactions without the need for a cashier human clerk or bank teller.
Definition of automated teller machine. Types of ATMs 3. The first ATM appeared at a branch of Barclays Bank in London in 1967. ATM is an automated teller machine or automatic teller machine ATM which is an electronic computerized telecommunications device that allows a financial institutions customers to directly use a secure method of communication to access their bank accounts order or.
Automated teller automatic teller automatic teller machine cash dispenser cash machine ATM machine - any mechanical or electrical device that transmits or modifies energy to perform or assist in the performance of human tasks. Charisse Jones USA TODAY What would we do without them. Regulators are particularly worried that some banks provide the service even at automated teller machines ATMs.
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. Automated Teller Machine ATM Understanding Automated Teller Machines ATMs. Automated teller machine operator means any person that operates an automated teller machine at which a consumer initiates an electronic fund transfer or a balance inquiry and that does not hold the account to or from which the transfer is made or about which an inquiry is made.
You can withdraw the amount from an Automated Teller Machine ATM if you have your debit card with you. The automated teller machine known primarily now as ATM made its American debut at a Chemical Bank in Rockville Centre Long Island on Sept. Instead the ATMs we use today are an.
Information and translations of Automatic Teller Machine in the most comprehensive dictionary definitions resource on the web. 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. An electronic banking machine that dispenses cash accepts deposits and performs other services when a customer inserts a plastic card and pushes the proper coded buttons.
The automated teller machine ATM is an automatic banking machine ABM that allows the customer to complete basic transactions without any help from bank representatives. After reading this article you will learn about- 1Definition of ATM 2. There are two primary types of ATMs.
The automated teller machine or ATM is such a complicated piece of technology that it does not have a single inventor. Automated Teller Machine ATM An automated teller machine ATM is a public banking machine that is usually hooked up to a central computer through leased local lines and a multiplexed data network. There are two types of automated teller machines ATMs.
Machine that dispenses cash from a customers account accepts deposits to the account or performs other banking functions Use of the term in Sentences. The basic one allows the customer to only draw cash and receive a report of the account balance. Automatic Teller Machine Definition of Automatic Teller Machine by Merriam-Webster.
A machine that dispenses cash or performs other banking services when an account holder inserts a bank card. Basic units only allow customers to withdraw. Automated-teller machine definition an electronic banking machine that dispenses cash accepts deposits and performs other services when a customer inserts a plastic card and pushes the proper coded buttons.
What does Automatic Teller Machine mean.
