Get To Know About ATMs

Automated Teller Machine (ATM) is a type of computerized telecommunications device that provides access to financial transactions to clients of financial institutions/banks in public places without the need for cashiers or bank employees. The presence of an ATM is needed right now because it can make it easier for someone to conduct transactions other than through smartphones. ATM technicians routinely check parts of the ATM so that there are no problems in the transaction process. For ball screw repair, it can be said as mandatory maintenance due to the process of withdrawing money from a storage area until it appears in the cash withdrawal section using a ball screw read this.

Created for the first time by IBM, the first ATM was introduced in December 1972 at Lloyds Bank in England. In most modern ATMs, the customer’s identity is identified through an ATM card that is equipped with a magnetic stripe or smart card with a chip, which contains card number information as well as some security information such as the expiration date or CVVC code (CVV). Confirmation is done by entering a personal identification number (PIN).

Through an ATM, users can access their bank accounts to make money withdrawals, credit card payments, transfer money to other accounts and revise the remaining money. Some ATMs also provide mobile credit purchase services, add Touch and Go credit card values ​​and utility bill payments. There are also special ATMs to enter money known as a money storage machine (CDM).

ATMs are not only placed in areas where banks are located but are also placed in busy public locations such as shopping centers, airports, shops, gas stations, and universities.
Most ATMs have a pointer/neon sign on it that signifies the name of the bank that owns the ATM and the connected ATM network (such as ALTO, LINK and shared ATM). The use of an ATM network allows other bank users to spend money on different ATMs by charging a service fee.

An ATM consists of the following devices:
• CPU (to control the user interface and transaction devices)
• Magnetic reader and/or smart card (to identify users)
• Keyboard PIN (resembles the keyboard layout on the phone or guess machine)
• Security encryption processor.
• Screen (used by users to make transactions)
• Function buttons (on the side of the screen) or touch screen (used to select several aspects of a transaction)
• Records (to print user transaction slips)
• Safe (for storing parts that need secure access)