Banks have ATMs inside and outside the branches. Other ATMs are located in busy areas, such as shopping malls, supermarkets, convenience stores, airports, bus and train stations, gas stations, casinos, and restaurants. Most ATMs installed in banks are multifunctional, while other ATMs installed outside the office are, in principle, mainly or exclusively for cash withdrawals.
ATMs require consumers to use a plastic card (bank debit or credit card) to complete a transaction. Consumers are authenticated with a PIN before making a transaction.
There are two main types of ATM. In the base unit, customers can only withdraw cash and receive renewed account balances. More sophisticated machines accept deposits, facilitate payments and line of credit transfers, and access account information.
To access the advanced features of complex devices, the user must often be the holder of the bank account that operates the machine.
Analysts predict that ATMs will become even more popular and that ATM withdrawals will increase. ATMs of the future have the potential to become full-featured terminals in place of or in addition to traditional bank tellers.
ATM design elements
Each ATM has a different design, but they all have the same basic components.
• Card Reader: This part reads the chip on the front of the card or the magnetic stripe on the back of the card.
•keyboard: Customers use the keyboard to enter information such as personal identification numbers (PINs), types of transactions requested, and transaction amounts.
• ATM: bills are drawn from the slot in the machine connected to the safe at the bottom of the machine.
• Printer: Consumers can request receipts as needed. The receipt is printed here. The receipt will indicate the type of transaction, amount and account balance.
• Screen: The ATM provides a prompt to guide the customer through the transaction process. Information such as account information and balance will also be sent to the screen.