An ATM is a specialized telecommunication device used by the financial institutions especially banks. This device enables the customers to carry on with a number of transactions. The clients can withdraw or deposit in these machines which are placed strategically in different locations. The machines are fitted with special booths that boost the security and privacy of customer when making the withdrawals. A wholesale ATM is strategically placed within shopping malls and refueling joints.
The bank operators issue their clients with a number of cards which enables them to make numerous transactions. The cards issued carry different information about the clients. Each of banks has a record of the past transaction history of each of these customers. This information together with the personal information is engraved within the cards.
There are several ways through which customers are identified during various transaction processes. The magnetic tape on the back of each these cards carries special personal information about the card holder. Some of cards have chips which also carry the information. During a transaction, this information is read by the readers and then compared to the pieces of information stored within the systems.
The banks place the teller machines at strategic locations. Those that are placed within a bank complement the services offered by the tellers and the bank clerks. They offer the self-services within banks. The clients can deposit or withdraw funds here in a much faster way. Other teller machines are placed at strategic locations in shopping locations and refueling joints. These are used by the large number of people who frequent such places.
The teller machines can only be used by the card issued by the specified bank for a number of transactions. This means that each of the operating banks has its special card. Some of the banks may opt for interconnecting. The interbank networks ensure that special cards are issued to their customers. This enables people to deposit and withdraw using a common card and not necessary using machines belonging to their specific banks.
The modern technology has worked towards breaking down the geographical barriers. The use of internet has expanded the scope of sharing information between people and organization in different parts. The use of visa cards has enabled people to transact using one card at any point in the world. This card uses the internet to manage and track all the transactions. All the operations are run over the internet through a special network maintained by the firms issuing the visa cards. A special chip engraved into the cards is used for tracking all transactions.
There are numerous devices that work within the machines. The control unit is the main device. It controls all the operations. All the arithmetic and logical instructions are issued by this unit. The magnetic strip stores all the information relevant to clients. The magnetic strip reader is used to read this information. There is a special security processor within the machine that evaluates all the security parameters.
A special vault has to be built into a wholesale ATM. This vault restricts access to various parts of the machine. Authorized persons are allowed to access these parts while the unauthorized persons cannot gain entry. There are security sensors that raise an alarm in case of an intrusion into the vault.
The bank operators issue their clients with a number of cards which enables them to make numerous transactions. The cards issued carry different information about the clients. Each of banks has a record of the past transaction history of each of these customers. This information together with the personal information is engraved within the cards.
There are several ways through which customers are identified during various transaction processes. The magnetic tape on the back of each these cards carries special personal information about the card holder. Some of cards have chips which also carry the information. During a transaction, this information is read by the readers and then compared to the pieces of information stored within the systems.
The banks place the teller machines at strategic locations. Those that are placed within a bank complement the services offered by the tellers and the bank clerks. They offer the self-services within banks. The clients can deposit or withdraw funds here in a much faster way. Other teller machines are placed at strategic locations in shopping locations and refueling joints. These are used by the large number of people who frequent such places.
The teller machines can only be used by the card issued by the specified bank for a number of transactions. This means that each of the operating banks has its special card. Some of the banks may opt for interconnecting. The interbank networks ensure that special cards are issued to their customers. This enables people to deposit and withdraw using a common card and not necessary using machines belonging to their specific banks.
The modern technology has worked towards breaking down the geographical barriers. The use of internet has expanded the scope of sharing information between people and organization in different parts. The use of visa cards has enabled people to transact using one card at any point in the world. This card uses the internet to manage and track all the transactions. All the operations are run over the internet through a special network maintained by the firms issuing the visa cards. A special chip engraved into the cards is used for tracking all transactions.
There are numerous devices that work within the machines. The control unit is the main device. It controls all the operations. All the arithmetic and logical instructions are issued by this unit. The magnetic strip stores all the information relevant to clients. The magnetic strip reader is used to read this information. There is a special security processor within the machine that evaluates all the security parameters.
A special vault has to be built into a wholesale ATM. This vault restricts access to various parts of the machine. Authorized persons are allowed to access these parts while the unauthorized persons cannot gain entry. There are security sensors that raise an alarm in case of an intrusion into the vault.
About the Author:
You can visit the website www.firstnationalatm.com for more helpful information about An Analysis Of The Wholesale ATM
No comments:
Post a Comment