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  2. The process of using an automated teller machine (ATM) involves the following steps1 :
    1. Attach ATM Card: Slide your ATM Card into the slot indicated in the ATM machine.
    2. Choose a language.
    3. Type in the four-digit ATM pin.
    4. Choose the transactions: Here on the ATM screen, you’ll notice many transaction alternatives such as deposit, transfer, and money withdrawal, among others.
    The ATM card first authenticates and identifies the user2. Then, the personal identification number (PIN) validates the user’s transaction. Nowadays, additional security is offered by banks. Thus, one-time passwords (OTP) are communicated with the user. Then, they have to enter the OTP into the ATM to validate the transaction2.
    Learn more:
    • Step 1: Attach ATM Card: Slide your ATM Card into the slot indicated in above diagram in the ATM machine.
    • Step 2: Choose a language. ...
    • Step 3: Type in the four-digit ATM pin: ...
    unacademy.com/content/bank-exam/study-material…
    The automated teller machine card first authenticates and identifies the user. Then, the personal identification number (PIN) validates the user’s transaction. Nowadays, additional security is offered by banks. Thus, one-time passwords (OTP) are communicated with the user. Then, they have to enter the OTP into the ATM to validate the transaction.
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    ATM - Wikipedia

    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, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction … See more

    The idea of out-of-hours cash distribution was first put into practice in Japan, the United Kingdom and Sweden.
    In 1960, Armenian-American inventor Luther Simjian invented … See more

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    Most ATMs are connected to interbank networks, enabling people to withdraw and deposit money from machines not belonging to the … See more

    There are no hard international or government-compiled numbers totaling the complete number of ATMs in use worldwide. Estimates as of 2015 developed by See more

    With the migration to commodity Personal Computer hardware, standard commercial "off-the-shelf" operating systems and programming environments can be used inside of ATMs. Typical platforms previously used in ATM development include See more

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    ATMs can be placed at any location but are most often placed near or inside banks, shopping centers, airports, railway stations, metro stations, grocery stores, gas stations, restaurants, and other locations. ATMs are also found on cruise ships and … See more

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    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)
    • a See more

    The number of tellers in the United States increased from approximately 300,000 in 1970 to approximately 600,000 in 2010. A contributing factor … See more

     
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