ATM: A Key Component of Modern Banking
An ATM, or Automated Teller Machine, is an electronic banking device that allows customers to perform basic financial transactions without the need for a human teller. ATMs are widely used around the world and provide convenient, 24×7 access to essential banking services such as cash withdrawal, balance enquiry, and fund transfers.
How an ATM Works
An ATM operates by reading the user’s bank card through a magnetic strip or chip. After inserting the card, the user must enter a Personal Identification Number (PIN) to verify identity. Once authenticated, the machine connects to the bank’s network to process the requested transaction. After the transaction is complete, the machine dispenses cash, displays information, or prints a receipt.
3 Views