John Shepherd-Barron
Do Duc CuongDonald Wetzel
Automated teller machine/Inventors

Automated teller machine
Automated teller machine/Full name

ATM (Automatic Teller Machine) is a banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting cash (in cases of ATM Depositing) or debit /credit card that contain the user’s account number and PIN on a magnetic stripe (for cash withdrawals). The ATM is made of the CPU (microprocessor).

Automated Teller Machine ATM – Advantages of ATM

• What is ATM?
• Advantages of Automated Teller Machines (ATMs) ↓
• ATM provides 24 hours service.
• ATM gives convenience to bank’s customers.
• ATM reduces the workload of bank’s staff.
• ATM provide service without any error.
• ATM is very beneficial for travellers.

How to use an ATM:

1. Step 1: Insert your card. Insert your debit card or credit card into the machine to begin the transaction.
2. Step 2: Type in your PIN.
3. Step 3: Choose a type of transaction.
4. Step 4: Enter the transaction amount.
5. Step 5: Select your receipt preference.
6. Step 6: Take your card.

History of Automated Teller Machines The first ATM was set up in June 1967 on a street in Enfield, London at a branch of Barclays bank. A British inventor named John Shepherd-Barron is credited with its invention. The machine allowed customers to withdraw a maximum of GBP10 at a time.

DEBIT CARD  Bank card used in cash transactions, but which is not a credit card. In a debit card transaction, the amount of a purchase is withdrawn from the available balance in the cardholder’s account.

 Mobile Banking is a system that allows customers to perform a number of financial transactions through a mobile device.  Monitoring our Bank accounts through the Mobiles, is known as Mobile Banking.

Withdrawing money. Checking how much money is remaining in the account. Round the Clock Services: ATM provides banking services to its customers round the clock, 24 hours a day, 7 days a week and 365 days a year.