Workin g Of ATM

Introducti on

An automated teller machine (ATM) is a computerized device that provides the customers of a financial institution with access to financial transactions in a public space without the need for a human clerk or bank teller. 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

History of ATM

ØIt was first developed and built by Luther George Simjian and installed in 1939 in New York City by the City Bank of New York, but removed after 6 months due to the lack of customer acceptance. ØATMs paused for over 25 years ØAfter that De La Rue developed the first electronic ATM, which was installed first in Enfield Town in North London, United Kingdom on 27 June 1967 by Barclays Bank , invented by

ØThe first ATMs accepted only a singleuse token or voucher, which was retained by the machine. ØThe idea of a PIN stored on the card was developed by the British engineer James Goodfellow in 1965. ØDon Wetzel invented the first networked ATM in 1968 in Dallas, Texas.

Worki ng

ØCPU (to control the user interface and transaction devices) ØMagnetic and/or Chip card reader (to identify the customer) ØPIN Pad (similar in layout to a Calculator keypad) ØDisplay (used by the customer for performing the transaction) ØFunction key buttons (usually close to the display) or a Touchscreen (used to select the various aspects of the transaction) ØRecord Printer (to provide the customer with a record of their transaction) ØVault (to store the parts of the machinery requiring restricted access)

ØATM will connect to the networks through processing centre and then to the cardholder’s bank. ØIf there are sufficient funds in the ATM cardholders account for the withdrawal request, the transaction will be completed. ØThe ATM receives the authorization and dispenses the cash requested. ØATM cards use processors to connect to there various ATM networks. You can see network logos (also known as bugs) on the back of an ATM card. ØHere are 4 examples of network bugs as MAC, PLUS, CIRUUS, STAR.

Calculation for number of notes

ØThere are Rs 1,000/-,Rs 500/-,Rs 100/-, notes are available in the ATM ØWe have to enter the desired money in the multiple of 100.

Step 1: Start Step 2 : Store desired amount in int N Step 3 : Divide N by 1000 and store in int X Step 4 : No of Rs 1000 notes = X Step 5 : N=N-X*1000 Step 6 : Divide N by 500 and store in int X Step 7 : No of Rs 500 notes = X Step 8 : N=N-X*500 Step 9 : Divide N by 100 and store in int X Step 10 : No of Rs 100 notes = X Step 11 : N=N-X*100 This process goes on until N=0 Step 12 : End

Advanta ges

ØAn ATM allows you to do the same things as you would at a bank. ØIt also allows you to withdrawal money even if you are not a customer of that bank at nominal surcharge. ØIt allows you to withdrawal 24 * 7. ØATM makes transaction easy and time saving process. ØBesides withdrawal we can do a lot with ATMs as transfer funds, request for a cheque book, mini statement, deposits cheque etc.

Disadvant ages

ØIf something goes wrong with machine then it may uphold your transaction. ØATMs are not very safe to withdrawal a big sum of money. ØAn ATM can replace 4-5 persons(approx) for the same job that enhance the problem of unemployment.

Presented By: Ritesh Kumar Mishra


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