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    C:\Documents And Settings\Schavan\My Documents\Euronet Training\Final\Intro To At Ms C:\Documents And Settings\Schavan\My Documents\Euronet Training\Final\Intro To At Ms Presentation Transcript

    • Global Development Team (GDT) A Center of Excellence Presentation Title Lesson 1: Introduction to ATMs Approx. Time Duration: 15 minutes
    • Introduction to ATMs Whenever you saw an ATM, or used one, did you ever wonder... GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 1 How does this little machine hand out money when it's not attached to a bank? Is there a cash box in the middle? Or does the money flow from a large room full of cash? And who gets to fill these machines?
    • Over the next few screens, we will find out the answers to all these questions and more… Introduction to ATMs GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 2
      • This lesson will introduce you to:
      • What is an ATM?
      • How does an ATM work?
      • Components of an ATM
      • Software for an ATM
      • Types of ATMs
      • Alternate Uses of ATM
    • What is an ATM? An Automated Teller Machine (ATM) is a device that provides the clients of a financial institution with access to financial transactions without the need for a cashier or bank teller. An ATM can dispense cash, take deposits, transfer money between bank accounts and provide many other basic financial services. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 3
    • What is an ATM?
      • ATMs are known by various other names including:
      • automated transaction machine - automated banking machine - cashpoint (in Britain) - money machine - bank machine - cash machine - hole-in-the-wall - Bancomat (in various countries in Europe and Russia) - Multibanco (after a registered trade mark, in Portugal), and Any Time Money (in India).
      GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 4
    • How an ATM Works ATMs are activated by inserting a cash or credit card that contains the user's account number, card number on a magnetic stripe and some security information such as an expiry date or Card Verification (CVC). Authentication is provided by the customer entering a personal identification number (PIN). GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 5
    • How an ATM Works
      • Customer swipes Debit/ATM/Credit card through machine.
      2. The ATM connects to the secure host network/ATM Controller via telephone modem. 3. The ATM Controller network contacts appropriate banking network to verify funding for the transaction. 4. The secure host network approves the transaction and cash is dispensed from the ATM to the customer. Let us view the brief steps for a typical ATM transaction. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 6
    • The ATM Network
      • Some features of the ATM Network are as follows:
      • ATMs typically connect directly to their ATM Controller server / EFTPOS Switch via either a dial-up modem over a telephone line or directly via a leased line.
      • Common lower-level layer communication protocols used by ATMs to communicate back to the bank include SNA over SDLC, over Async, X.25 , and TCP/IP over Ethernet .
      • In addition to methods employed for transaction security and secrecy, all communications traffic between the ATM and the Transaction Processor may also be encrypted via methods such as SSL.
      • ATMs rely on authorization of a financial transaction by the card issuer or other authorizing institution via the communications network. This is often performed through an ISO 8583 messaging system.
      GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 7
    • Components of an ATM This is the top half of the ATM consisting of the following components: GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 8
    • Components of an ATM The Card Reader captures the account information stored on the magnetic strip on the back of the ATM/debit card or credit card. The host processor uses this information to route the transaction to the cardholder's bank. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 9
    • Components of an ATM The Keypad lets the cardholder tell the bank what kind of transaction is required and for what amount. Also, the bank requires the cardholder's personal identification number (PIN) for verification. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 10
    • Components of an ATM The Display screen prompts the cardholder through each step of the transaction process. Leased-line machines commonly use a monochrome or color CRT (cathode ray tube) display. Dial-up machines commonly use a monochrome or color LCD. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 11
    • Components of an ATM The Receipt Printer provides the cardholder with paper receipt of the transaction. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 12
    • Components of an ATM Dispensing mechanism (to provide cash or other items of value) GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 13
    • Components of an ATM Deposit mechanism, including a Cheque Processing Module and Bulk Note Acceptor (to allow the customer to make deposits) GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 14
    • Components of an ATM The heart of an ATM is the safe and cash dispensing mechanism or Vault. The entire bottom portion of most small ATMs is a safe that contains the cash. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 15
      • Mechanisms found inside the Vault may include:
      • Currency Boxes or Cassettes that stores cash
      • Security sensors (Magnetic, Thermal, Seismic, gas)
      • Locks : (to ensure controlled access to the contents of the vault)
      • Journaling systems ; many are electronic ( a sealed flash memory device based on proprietary standards) or a solid-state device (an actual printer) which accrues all records of activity , including access timestamps, number of bills dispensed, etc.
      • This is considered sensitive data and is secured in similar fashion to the cash as it is a similar liability.
      Components of an ATM GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 16
    • During cash dispensing Rubber rollers move one bill/note at a time from the currency box to the dispenser area. A sensor determines if two or more bills are stuck together, or if the wrong denomination was pulled and causes them to be inserted into the reject box. Components of an ATM Click here to view a video on “How ATMs Work” GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 17
    • Software for an ATM Software Front-End
      • OS2, Linux, Unix, MS Windows
      • Firmware (coded in C++/Java)
      Back-End DBMS - Oracle, MS SQL Server etc (Distributed databases situated at the bank's sites) GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 18
    • Types of ATMs Next, let us take a look at the different types of ATMs currently available in the market! GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 19
    • Types of ATMs On Site ATM – ATM is at the bank location GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 20
    • Types of ATMs Off Site ATM – ATM is away from the bank location GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 21
    • Types of ATMs Mobile ATM – This is portable ATM that can be used at different locations like local festivals, concerts, sports events etc. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 22
    • Types of ATMs Biometric ATM- These ATMs use finger print of the card holder or his eye retina scan etc for authentication GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 23
    • Types of ATMs ATMs for the Blind - These ATMS have Braille-enabled function keys and guide labels for other functionalities. They also have voice control features and voice guidance for ease of transaction. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 24
    • Types of ATMs Drive-in ATMS – These ATMs enable customers to withdraw cash without leaving their vehicles. GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 25
    • Managing of ATMs Managing ATMs involves a wide range of services that are provided to banks by various specialist companies. Apart from deployment of the ATM, there exist services such as: - Installation and maintenance of support devices like generators and UPS - Installation and configuration of networks and switches, VSAT devices for ATM-Bank-ATM, or other types of communications establishing and managing data centers - Installation and maintenance of support devices like generators and UPS - Cash forecasting - Reconciliation - Transaction Processing - Managed Services GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 26
    • Manufacturers and ISOs Some ATM Manufacturers are: Some Independent Service Organizations (ISO) are: These services are usually provided by ATM Manufacturers or Independent Sales Organization / Service Provider (ISO). GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 27
    • Other Uses of an ATM Although ATMs were originally developed as just cash dispensers, they have evolved to include many other bank-related functions such as: GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 28
      • Deposit currency recognition, acceptance, and recycling
      • Paying routine bills, fees, and taxes
      • Printing bank statements
      • Updating passbooks
      • Loading monetary value into stored value cards
      • Purchasing:
        • Postage stamps
        • Lottery tickets
        • Train tickets
        • Concert tickets
        • Movie tickets
        • Gift certificates
      • Games and promotional features
      • Donating to charities
      • Cheque Processing Module
      • Adding pre-paid cell phone credit
      • Targeted Advertising
      • Loan Processing
    • Summary Thank you for completing the lesson Introduction to ATMs!
      • In this lesson you have learnt about:
      • How an ATM provides customers access to financial transactions
      • Components of an ATM and their functions
      • How an ATM machine works
      • Front-end and Back-end software used by an ATM
      • Types of ATM machines
      • Managing of ATMs
      • Uses of an ATM
      For feedback or suggestions, please email [email_address] GDT – Center of Excellence © Euronet Worldwide. All Rights Reserved. 29