How Does Atm Works

Rayat Shikshan Sanstha’s

Sadguru Gadage Maharaj CollegeKaradB.Com IT Entire Part-II (Sem III)

Seminar“How Does ATM Works”

Rishikesh B. Navadkar

Contents -Introduction

-History

-Software

-Hardware

-Financial Network

-Security

-How Does ATM Works

-Uses

Some Common Names Used For ATM 1)Automatic Teller Machine (U.S.A.)

2)Automated Transaction Machine

3)Automated Banking Machine

4) Any Time Money (India)

5) Cash Point ( Britain )

6)Hole In The Wall

7)Money Machine

8)Cash Machine

History

¤ ATM Was Developed By “LUTHER GEORGE SIMJIAN”.

¤ ATM Was Firstly Installed In 1939 in New York City Bank.

¤ First Cash Dispensing Device Was Used In Tokyo in 1966.

¤ First Electronic ATM installed in Enfield Town ,London by ‘Barclay Bank’.

Software ¤ RMX

¤ OS-2

¤ MS-DOS

¤ Linux

¤ Microsoft Operating System (Windows 98 , Windows XP embedded)

¤ JAVA is used for Programming in this Systems. (XFS & J/XSF Application Programme)

Hardware ¤ CPU (Central Processing Unit)

¤ Card Reader

¤ Secure Crypto Processor

¤ Cash Dispenser

¤ Display Screen

¤ Touch Screen

¤ Record Printer

¤ Deposit Slot

Financial Networks ¤ Physical Connection

1) Leased Line

2) Dialup Connection

¤ Interbank Network

1) Star 2) Link 3) Plus 4) Pulse

Security ¤ Physical Security. 1) Dye Markers. 2) Guards.

¤ Transactional Secrecy & Integrity. 1) PIN ( Personal Identification Number ) 2) Unique Card Number 3) Expiration Date

¤ Customer Identity Integrity.

How Does ATM Work ?

How Does ATM Work ?

Alternative Uses ¤ Deposit Currency Recognition ,Acceptance & Recycling.

¤ Updating Pass Book.

¤ Loading Monetary Value Into Prepaid Cards.

¤ Ticket Purchase.

¤ Lottery Ticket Purchase.

¤ Fee Payments.

¤ Money Transfer

¤ Cheque Or Cash Acceptance.

¤ Co-ordination of ATM With Mobile Phone.

References From

¤ Internet ( www.atm.com ) (Wikipedia)

¤ Book ( Core Banking System In India )

Any

Query?

Thank You…