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Thursday, 27 December 2018

ATM Full Form

  By GK Planet Team       Thursday, 27 December 2018
ATM full form ➝ Automated Teller Machine

An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time and without the need for direct interaction with bank staff.

An ATM is typically made up of the following devices:
  • CPU (to control the user interface and transaction devices) 
  • Magnetic or chip card reader (to identify the customer) 
  • Encrypting PIN Pad EEP4 (similar in layout to a touch-tone or calculator keypad), manufactured as part of a secure enclosure 
  • Secure cryptoprocessor, generally within a secure enclosure 
  • Display (used by the customer for performing the transaction) 
  • Function key buttons (usually close to the display) or a touchscreen (used to select the various aspects of the transaction) 
  • Record printer (to provide the customer with a record of the transaction) 
  • Vault (to store the parts of the machinery requiring restricted access) 
  • Housing (for aesthetics and to attach signage to) 
  • Sensors and indicators

What does the word ATM stand for?
ATM. Automated Teller Machine


What is ATM Fullform?
The full form of ATM is Automated Teller Machine.

Facts About ATM
Inventor of ATM
 John Shepherd Barron.
First ATM in the World
 It was installed on 27 June 1967 at the Barclays Bank of London.
World's first floating ATM
 State Bank of India (Kerala).
First ATM in India
 Installed by HSBC (Hongkong and Shanghai Banking Corporation) in 1987.
First Person to use ATM
 The famous comedy actor Reg Varney was the first person to withdraw cash from the ATM.
ATM without an Account
 In Romania, which is a European country, one can withdraw money from an ATM without having a bank account.
Biometric ATM
 Biometric ATM is used in Brazil. As the name suggests, the user is required to scan his or her fingers at these ATMs before withdrawing money.
World's Highest ATM
 It is installed in Nathu-La mainly for the army personals. Its height is 14,300 feet above sea level and is operated by Union Bank of India.

What is ATM machine?
An automated teller machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller. Anyone with a credit card or debit card can access most ATMs.

What is ATM full name?
The full form of ATM is Automated Teller Machine.
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