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An automated teller machine (ATM)
or the automatic banking
machine (ABM) is a computerized
telecommunications device that
provides the clients of a financial
institution with access to financial
transactions in a public space without
the need for a cashier, 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, such as an expiration date
or CVVC. Authentication is provided
by the customer entering a
personal identification number (PIN).
Using an ATM, customers can
access their bank accounts in
order to make cash withdrawals
(or credit card cash advances)
and check their account balances
as well as purchasing mobile cell
phone prepaid credit. ATMs are
known by various other names
including automated transaction
machine, automated banking
machine, cash point (in
Britain), money machine, bank
machine, cash machine, hole-in-
the-wall, cash point, Bancomat (in
various countries in Europe and
Russia), Multibanco (after a
registered trade mark,
in Portugal), and Any Time
Money.
An automatic teller machine or
ATM allows a bank customer to
conduct their banking transactions
from almost every other ATM
machine in the world. As is often
the case with inventions, many
inventors contribute to the history
of an invention, as is the case with
the ATM. Read each page of this
article to learn about the many
inventors behind the automatic
teller machine or ATM. In 1939,
Luther Simjian patented an early
and not-so-successful prototype of
an ATM.
However, some experts have the opinion
that James Goodfellow of Scotland holds
the earliest patent date of 1966 for a
modern ATM, and John D White (also of
Docutel) in the US is often credited with
inventing the first free-standing ATM
design. In 1967, John Shepherd-Barron
invented and installed an ATM in a
Barclays Bank in London. Don Wetzel
invented an American made ATM in
1968.
However, it wasn't until the mid to
late 1980s that ATMs became part of
mainstream banking. There is some
controversy over who invented the ATM.
A reveiw of papers submitted to
atmmachine.com can be found on their
website. http
://www.atmmachine.com/atm-inventor.html
1. Cardboard (Big) 4
2. Silver Tone Paint (100 ml) 1
3. Push Button 1
4. Click Button 1
5. Wire (2mm) 10 m
6. 9 volt Battery 4
7. 9 volt Battery Clip 4
8. Num Pad Keys 10
9. One Touch Switch 1
10. OHP Sheets 2
11. Motors 2
12. Pipes (32 cm) 2
13. Led Lights 40
14. Credit Card 1
15. Chart Paper 2
16. Sticky Tapes 2
17. Fake Notes 20
18. M Seal 1
19. Lock 1
20. Soldering Equipments 3
1.Switch on the main power supply button situated inside the ATM Machine.
2.Press the select button.
3. Follow the instructions displayed in the screen.
4.Insert your card.
5. After completion of 3 step turn the cash out button.
6.Your cash will drop out from the cash out area.
7.Now your transaction has successfully done.
8.Take out your card.
9.Reverse the screen roll to start again.
10.Happy Banking!!