automated teller machine (ATM)
Definition
Computerized machine that permits bank customers to gain access to their accounts with a magnetically encoded plastic card and a code number. It enables the customers to perform several banking operations without the help of a teller, such as to withdraw cash, make deposits, pay bills, obtain bank statements, effect cash transfers. Also called automated Banking machine, automatic till machine, or remote service unit.
automated teller machine (ATM) is in the Banking, Commerce & Finance and Customer Relations & Services subjects.
automated teller machine (ATM) appears in the definitions of the following terms: electronic commerce (E-Commerce), automated banking machine (ABM), remote service unit, virtual bank and money market account (MMA)
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