An ATM allows customers to access financial services without a human bank teller. It uses a card with unique account information and a PIN for security. An ATM has components like a card reader, keypad, screen and cash dispenser to withdraw and deposit money, check balances, transfer funds and more. The first ATM was installed in 1967 in London. Now ATMs are widely used, come in various types, and occasionally experience fraud, but precautions can help users stay safe.
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A slang phrase for credit cards, especially when such cards used to make purchases. The "plastic" portion of this term refers to the plastic construction of credit cards, as opposed to paper and metal of currency. The "money" portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money supply.
source:net
Watch the presentation about Presentation On ATM Technology .I have explained the detail of ATM in a concise manner.For any doubts message us.
Best Wishes
#ATM #ATMTECHNOLOGY #Atmtechnology
A slang phrase for credit cards, especially when such cards used to make purchases. The "plastic" portion of this term refers to the plastic construction of credit cards, as opposed to paper and metal of currency. The "money" portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money supply.
source:net
This presentation is about communication in ATM machine including protocols, network, encryption method, operating system of ATM, basic hardware, transaction process etc.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
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Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
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automated teller machines
1. ATMs: Automated Teller
Machines
DR. TEJINDERPAL SINGH
Lecture, University Business School
Panjab University Chandigarh
2. What is an ATM ??
An automated teller machine (ATM) is a computerized
telecommunications device that provides the customers of a
financial institution / bank with access to financial
transactions in a public space without the need for a human
clerk or bank teller round the clock (24 hrs a day)
3. ATM Card
On most modern ATMs, the customer is identified by
inserting a plastic ATM card with a magnetic stripe or a
plastic smartcard with a chip, that contains a unique card
number and some security information.
Security is provided by the customer entering a personal
identification number (PIN).
4. Functions of ATM
24-hour access to cash
View Account Balances & Mini-statements
Order a Cheque Book / Account Statement
Transfer Funds between accounts
Refill your Prepaid card
Pay your utility bills
Deposit cash or cheques
Change your PIN
Learn about other products
5. History Of ATM
The ATM was invented by Scot John Shepherd-Barron.
The world's first ATM was installed in a branch of Barclays in the northern London
borough of Enfield, Middlesex, in 1967.
A mechanical cash dispenser was developed and built by Luther George Simjian and
installed in 1939 in New York City by the City Bank of New York
The first person to use the machine was Reg Varney of quot;On the Busesquot; fame, a British
Television programme from the 1960s
The idea of a PIN stored on the card was developed by the British engineer John Rose in
1965.
the modern, networked ATM was invented in Dallas, Texas, by Don Wetzel in 1968
Notable historical models of ATMs include the IBM 3624 and 473x series, Diebold 10xx
and TABS 9000 series, and NCR 5xxx series.
8. Card reader
The card reader captures
the account information
stored on the magnetic
stripe on the back of an
ATM/debit or credit card.
The host processor uses
this information to route
the transaction to the
cardholder's bank.
9. Keypad
The keypad lets the
cardholder tell the bank
what kind of transaction is
required (cash
withdrawal, balance
inquiry, etc.) and for what
amount. Also, the bank
requires the cardholder's
personal identification
number (PIN) for
verification. Federal law
requires that the PIN block
be sent to the host
processor in encrypted
form.
11. Display screen
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.
13. Cash dispenser
The heart of an ATM is
the safe and cash-
dispensing mechanism.
The entire bottom
portion of most small
ATMs is a safe that
contains the cash.
14.
15. Types of ATMs
Onl-Line Atms
Off -line Atms
On- site ATMs
Off-Site Atms
Mobile Atms
Biometric ATMs
Talking Atms
ATMs For Blinds
Drive In Atms
23. ATM Frauds
Atm Card cloning Frauds
Fake Atms(The first known instance of a fake ATM was installed at a shopping mall
in Manchester, Connecticut in 1993
Attack On Atms
PIN crack
24.
25. Alternative uses
Deposit currency recognition, acceptance, and recycling
Paying routine bills, fees, and taxes (utilities, phone bills, social
security, legal fees, taxes, etc.)
Printing bank statements
Updating passbooks
Loading monetary value into stored value cards
Purchasing
postage stamps.
lottery tickets
train tickets
concert tickets
shopping mall gift certificates.
Games and promotional features
Donating to charities
Cheque Processing Module
26. Precautions while using ATM / ATM Cards
Don't write down your PIN. If you must write it down, do not store it
in your wallet or purse.
Make your PIN a series of letters or numbers that you can easily
remember, but that cannot easily be associated with you personally.
Avoid using birth dates, initials, house numbers or your phone
number.
Store your ATM card in your purse or wallet, in an area where it
won't get scratched or bent.
Get your card out BEFORE you approach the ATM. You'll be more
vulnerable to attack if you're standing in front of the ATM, fumbling
through your wallet for your card.
Stand directly in front of the ATM keypad when typing in your PIN.
This prevents anyone waiting to use the machine from seeing your
personal information.
27. Cont…
After your transaction, take your receipt, card and money
away. Do not stand in front of the machine and count your
money.
If you are using a drive-up ATM, get your vehicle as close to
the machine as possible to prevent anyone from coming up to
your window. Also make sure that your doors are locked
before you drive up to the machine.
Do not leave your car running while using a walk-up ATM.
Take your keys with you and lock the doors before your
transaction.
If someone or something makes you uncomfortable, cancel
your transaction and leave the machine immediately. Follow
up with your bank to make sure the transaction was cancelled
and alert the bank to any suspicious people.
