Resumo de Atm [existence Of Automated Teller Machine]

The Automated Teller Machine also known as Automatic teller machine or Cash machine or Money machine is an unattended electronic machine in a public place, connected to a data system and related equipment and activated by a bank customer to obtain cash withdrawals and other banking services. Automated teller machine was introduced into the banking system to solve the problems associated with late night or off banking hours withdrawals of money. In other words, it was conceived to serve the people where there are no tellers either due to closure over the weekend when there are limited working hours.Don Wetzel was reputed to hare invented the first syccessful and modern ATM in the USA, although it was said that Luthur George Simijian started patenting an earlier and not so successful version of an ATM in 1939.The concept of the modern ATM first began in 1968, but it was a few years later that the idea became a reality.The idea of ATM, according to information available came to Wetzel while waiting in line at a Dallas bank in 1968 and it cost about 5 million US dollars to develop the ATM. It could only be natural therefore that the whole world embrace this innovation aimed at making banking easier. And as such with such innovations, Africans were also quick to wake up to the use of the ATM in the course of their banking operations.The ATM like other machines is associated with the malfunctioning of the equipment. This may be caused partly due to the lack of in depth technical knowledge of the handlers ... For instance, it is common for the ATM to deduct money from ones account without actual payment to the owner only to re-credit such account. It may also delay payment such that a user would think it wont pay, only to pay later when the account owner might have left. This happened at a bank in Ibadan . One man consulted the ATM in a bank to collect #20,000 and normally, the operation is not expected to last for more than four minutes. But unfortunately, the ATM did not produce the money and when the man could no longer wait for the money to come out, he left the banking premises where the machine was placed. Unknown to him, the machine responded after he left. It was the next customer who discovered the money and being a good samaritan, took the money to the officials of the bank who credited it to the account of the owner.There is also the ''pick failures'' which prevent the equipment from dispensing the correct amount of cash.It is only those with the ATM card that can cash money from the machine anywhere they find it. The ATM card is a card with a magnetic strip and a personal id number to get cash. It is slightly different THAT YOU SHOULD KNOW ABOUT THE AUTOMATED TELLER MACHINE.

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