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8/14/2019 working, history of ATM
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WorkinWorking Ofg Of
ATMATM
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IntroductiIntroducti
onon
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An automated teller machine(ATM) is a computerized device that
provides the customers of afinancial institution with access tofinancial transactions in a public space
without the need for a human clerk orbank teller. On most modern ATMs,the customer is identified by inserting
a plastic ATM card with amagnetic stripe or a plastic smartcardwith a chip, that contains a uniquecard number and some security
http://en.wikipedia.org/wiki/Customerhttp://en.wikipedia.org/wiki/Financial_institutionhttp://en.wikipedia.org/wiki/Financial_transactionhttp://en.wikipedia.org/wiki/Clerkhttp://en.wikipedia.org/wiki/Bank_tellerhttp://en.wikipedia.org/wiki/ATM_cardhttp://en.wikipedia.org/wiki/Magnetic_stripehttp://en.wikipedia.org/wiki/Smartcardhttp://en.wikipedia.org/wiki/Securityhttp://en.wikipedia.org/wiki/Smartcardhttp://en.wikipedia.org/wiki/Magnetic_stripehttp://en.wikipedia.org/wiki/ATM_cardhttp://en.wikipedia.org/wiki/Bank_tellerhttp://en.wikipedia.org/wiki/Clerkhttp://en.wikipedia.org/wiki/Financial_transactionhttp://en.wikipedia.org/wiki/Financial_institutionhttp://en.wikipedia.org/wiki/Customer8/14/2019 working, history of ATM
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History ofHistory of
ATMATM
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It was first developed andbuilt by Luther George Simjianand installed in 1939 inNew York City by theCity Bank of New York, butremoved after 6 months dueto the lack of customeracceptance.
ATMs paused for over 25years
After that De La Ruedeveloped the first electronic
ATM, which was installed firstin Enfield Town in NorthLondon, United Kingdom on27 June1967 by Barclays Bank
, invented by-
http://en.wikipedia.org/wiki/Luther_George_Simjianhttp://en.wikipedia.org/wiki/New_York_Cityhttp://en.wikipedia.org/wiki/Citibankhttp://en.wikipedia.org/wiki/De_La_Ruehttp://en.wikipedia.org/wiki/Enfield_Townhttp://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/wiki/June_27http://en.wikipedia.org/wiki/1967http://en.wikipedia.org/wiki/Barclays_Bankhttp://en.wikipedia.org/wiki/John_Shepherd-Barronhttp://en.wikipedia.org/wiki/John_Shepherd-Barronhttp://en.wikipedia.org/wiki/Barclays_Bankhttp://en.wikipedia.org/wiki/1967http://en.wikipedia.org/wiki/June_27http://en.wikipedia.org/wiki/United_Kingdomhttp://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/Enfield_Townhttp://en.wikipedia.org/wiki/De_La_Ruehttp://en.wikipedia.org/wiki/Citibankhttp://en.wikipedia.org/wiki/New_York_Cityhttp://en.wikipedia.org/wiki/Luther_George_Simjian8/14/2019 working, history of ATM
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The first ATMsaccepted only a single-use token or voucher,
which was retained bythe machine.
The idea of a PIN
stored on the card wasdeveloped by the BritishengineerJames
Goodfellow in 1965.
Don Wetzel inventedthe first networked ATMin 1968 in Dallas, Texas.
http://en.wikipedia.org/wiki/James_Goodfellowhttp://en.wikipedia.org/wiki/James_Goodfellowhttp://en.wikipedia.org/wiki/James_Goodfellowhttp://en.wikipedia.org/wiki/James_Goodfellow8/14/2019 working, history of ATM
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WorkiWorkingng
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CPU (to control the user interfaceand transaction devices)
Magnetic and/or Chip card reader (toidentify the customer)
PIN Pad (similar in layout to aCalculator keypad)
Display (used by the customer forperforming the transaction)
Function key buttons (usually closeto the display) or aTouchscreen (usedto select the various aspects of thetransaction)
Record Printer (to provide thecustomer with a record of theirtransaction)
Vault (to store the parts of the
machinery requiring restricted access)
http://en.wikipedia.org/wiki/CPUhttp://en.wikipedia.org/wiki/Magnetic_stripe_cardhttp://en.wikipedia.org/wiki/Chip_cardhttp://en.wikipedia.org/wiki/Personal_identification_numberhttp://en.wikipedia.org/wiki/Calculatorhttp://en.wikipedia.org/wiki/Function_keyhttp://en.wikipedia.org/wiki/Touchscreenhttp://en.wikipedia.org/wiki/Bank_vaulthttp://en.wikipedia.org/wiki/Bank_vaulthttp://en.wikipedia.org/wiki/Touchscreenhttp://en.wikipedia.org/wiki/Function_keyhttp://en.wikipedia.org/wiki/Calculatorhttp://en.wikipedia.org/wiki/Personal_identification_numberhttp://en.wikipedia.org/wiki/Chip_cardhttp://en.wikipedia.org/wiki/Magnetic_stripe_cardhttp://en.wikipedia.org/wiki/CPU8/14/2019 working, history of ATM
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ATM will connect to the networks throughprocessing centre and then to the cardholdersbank.
If there are sufficient funds in the ATMcardholders account for the withdrawal request,the transaction will be completed.The ATM receives the authorization anddispenses the cash requested.
ATM cards use processors to connect to therevarious ATM networks. You can see network logos(also known as bugs) on the back of an ATM card.
Here are 4 examples of network bugs as MAC,
PLUS, CIRUUS, STAR.
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CalculationCalculation
for numberfor number
of notesof notes
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AssumptionsAssumptions
There are Rs 1,000/-,Rs500/-,Rs 100/-, notes areavailable in the ATM
We have to enter thedesired money in the multiple
of 100.
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Step 1: StartStep 2 : Store desired amount in int N
Step 3 : Divide N by 1000 and store in int XStep 4 : No of Rs 1000 notes = XStep 5 : N=N-X*1000Step 6 : Divide N by 500 and store in int XStep 7 : No of Rs 500 notes = XStep 8 : N=N-X*500Step 9 : Divide N by 100 and store in int X
Step 10 : No of Rs 100 notes = XStep 11 : N=N-X*100This process goes on until N=0
Step 12 : End
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AdvantaAdvantagesges
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An ATM allows you to do the samethings as you would at a bank.
It also allows you to withdrawalmoney even if you are not a customer
of that bank at nominal surcharge.
It allows you to withdrawal 24 * 7.ATM makes transaction easy andtime saving process.
Besides withdrawal we can do a lotwith ATMs as transfer funds, requestfor a cheque book, mini statement,
deposits cheque etc.
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DisadvantDisadvantagesages
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If something goes wrong with machinethen it may uphold your transaction.
ATMs are not very safe to withdrawal abig sum of money.
An ATM can replace 4-5 persons(approx)
for the same job that enhance the problemof unemployment.
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THANKTHANKYOUYOU
Presented By:Presented By:Ritesh Kumar MishraRitesh Kumar Mishra