ATM (Automated Teller Machine)
Self-service machine enabling cash withdrawals and other banking tasks.
Detailed Description
ATM (Automated Teller Machine)
What are the primary functions of an ATM?
ATMs primarily allow users to perform cash withdrawals, deposits, balance inquiries, and fund transfers.
What types of ATMs are there?
There are basic ATMs, deposit ATMs, smart ATMs, mobile ATMs, and off-site ATMs.
What is a PIN in the context of ATMs?
A PIN (Personal Identification Number) is a secure numeric code used to authenticate users during ATM transactions.
What security features do ATMs have?
ATMs are equipped with encryption technology, surveillance cameras, anti-skimming devices, and physical security measures.
What regulations do ATMs need to comply with?
ATMs must adhere to regulations such as PCI DSS for security, and comply with anti-money laundering (AML) and know your customer (KYC) requirements.