What is the full form of ATM?¿
Define ATM in more than 500 words.
Answers
Full form of ATM:
Automated teller machine.
Define ATM:
more people using banks today, the business of banking is basically about efficient and convenient service delivery. ATM has become an important issue, not only in retaining consumers, but also as a competitive advantage while boosting the overall profitability. ATMs have gained prominence as a delivery channel for banking transactions in India.
Banks have been deploying ATMs to increase their reach, ATM provides banking services for 24 hours. For this reason some people also call it ‘All Time Money’ Machine. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe with a chip that contains a unique card number.
The card usually have the name of the holder, its type and other information. Authentication is provided by the customer by entering a Personal Identification Number (PIN). Then the customer can avail its various services like cash withdrawal, checking balance etc. ATM or Cash points was first introduced in 1961 by the City Bank of New York on a trial basis. It allowed banks to provide their consumers with a convenient way, round the clock, to carry out varying transactions. However it was not appreciated much at that time and was removed after a period of 6 months.
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Full form of ATM:
Automated teller machine.
Define ATM:
more people using banks today, the business of banking is basically about efficient and convenient service delivery. ATM has become an important issue, not only in retaining consumers, but also as a competitive advantage while boosting the overall profitability. ATMs have gained prominence as a delivery channel for banking transactions in India.
Banks have been deploying ATMs to increase their reach, ATM provides banking services for 24 hours. For this reason some people also call it ‘All Time Money’ Machine. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe with a chip that contains a unique card number.
The card usually have the name of the holder, its type and other information. Authentication is provided by the customer by entering a Personal Identification Number (PIN). Then the customer can avail its various services like cash withdrawal, checking balance etc. ATM or Cash points was first introduced in 1961 by the City Bank of New York on a trial basis. It allowed banks to provide their consumers with a convenient way, round the clock, to carry out varying transactions. However it was not appreciated much at that time and was removed after a period of 6 months.
❥╬٨ـﮩﮩ٨ـﮩﮩـ╬❥