ATM (AUTOMATED TELLER MACHINE) | TYPES OF ATM | HARDWARE & SOFTWARE USED IN ATM

Automated Teller Machine (ATM) is an integral part of the modern banking system. This is the easiest and quick way to access your account without even going to the bank. The primary function of ATM is to dispense the cash to the customer. Apart from this, an ATM machine offers a number of functionalities to balance the load from the branches of the bank.

ATM machines are installed to offer the maximum comfort of making a safe and secure transaction. There are different types of ATMs that you can find in around. Here are the types of ATMs described in details. 

• On-site ATMs : These are the ATM machines that you can find within the branches builder or premises. They are installed inside the branch premises to offer withdrawal as well as many other bank related transactions without going inside the branch.

• Off-site ATMs : This kind of ATMs can be seen in a separate building or location other than the branch but more or less within the areas of the bank branch.

• Worksite ATMs : These are the ATMs which are installed either by the bank or by an individual employer or an organization owner for the use of the employees of that establishment or the customers.

• Cash Dispenser ATMs : This type of ATMs is used for withdrawing cash balance inquiry, cash dispensing and mini statement printing.

• Mobile ATMs : As the name implies this kind of ATM machines moves from one place to another, usually on a van. Few private banks in the country offer such ATM facility for the customers.

• Brown Label ATMs : These are the ATMs where hardware and lease of the machine are owned by a different service provider although cash management and connectivity to the bank network is offered by the sponsoring bank. ATM has logo of the outsourced service provider. example "Indicash" by  TATA .

• White label ATMs : Such ATMs are provided by the Non-Banking Financial company (NBFC). There is no logo on these types of ATMs.

• Green label ATMs : These ATMs are designed to support transactions related to Agriculture

• Orange label ATMs : This types of ATMs machines is meant for exclusive share Transactions.

• Yellow label ATMs : These ATMs are provided to support E-commerce Transactions.

• Pink label ATMs : These ATMs are exclusively meant for use by women. 

Hardware and Software used in ATM

• CPU (Central processing unit) - It is used to control users interface & transaction devices.

• Magnetic or chip card reader - It is used to identify credit/debit card of the customer.

• EPP4 (Electronic PIN Pad version 4) -  It is similar to touch tone or calculator keypad.

• Display - It is used by customer for performing transaction.

• Record printer - This is generally thermal printer and is used to record the customer transaction.

• Vault- It stores the cash cartridges.

• Housing - It is the external aesthetics and outer body of ATM.

• Sensors - These are security, thermal and gas sensors with led indicators
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