Question

How is ATM related to e banking system?​

Answer 1

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• An ATM is a computerized Tele-communication device which provides the customers the access to financial transactions in public places without human inter-mention.

• It enables the customers to perform several banking operations such as withdrawals of cash, request of mini-statement etc.

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Answer 2

Answer:

In order to connect the ATM networks of different banks, apex level switches are required that connect the various switches of individual banks. Through this technology, ATM cards of one bank can be used at the ATMs of other banks, facilitating better customer convenience

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