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What kind of card does an ATM take?
It is a plastic card having magnetic strip with the Account number of the person. When the card is inserted in the ATM, the machine’s sensing equipment identifies the account holder and asks for his identification code number. Every account holder is given a separate code number through computers and it is not known even to bank staff.
Is the ATM like a human weighing machine?
The evolutionary trend from cash economy to cheque economy and onwards to plastic card economy is witnessed in the introduction of ATMs. ATM or Automated Teller Machine outwardly appears like a human weighing machine kept in Railway Platforms. These days, ATMs are securely placed inside the walls of bank’s premises.
What is an essay on an ATM machine?
Essay On ATM Machine: An evolutionary trend from cash economy to cheque economy and now to plastic card economy is witnessed in the introduction of Automated Teller Machines (ATMs).
How does the number work on an ATM?
When the number is asked by the ATM (it comes on the ATM screen), the cardholder identifies himself/herself by pressing relevant number buttons on the machine. The machine verifies the account number on the ATM card with secret code number stored in the ATM.
Last Update: Oct 2021
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