2.  (Automatic Teller Machine machine) A banking
terminal that accepts deposits and dispenses cash.
ATMs are activated by inserting a cash or credit card
that contains the user's account number and PIN on
a magnetic stripe. The ATM calls up the bank's
computers to verify the balance, dispenses the cash
and then transmits a completed transaction notice.
The word "machine" in the term "ATM machine" is
certainly redundant, but widely used.
 Rubber rollers move one bill at a time from the
currency box (each holds about 2,000 bills) to the
dispenser area. A sensor determines if two or more
bills are stuck together or if the wrong denomination
was pulled and causes them to be inserted into the
reject box.

3.  The ATM will service one customer at a time. A
customer will be required to insert an ATM card and
enter a personal identification number (PIN) - both of
which will be sent to the bank for validation as part of
each transaction. The customer will then be able to
perform one or more transactions. The card will be
retained in the machine until the customer indicates
that he/she desires no further transactions, at which
point it will be returned - except as noted below.
 The ATM must be able to provide the following
services to the customer:

4.  A customer must be able to make a cash withdrawal
from any suitable account linked to the card, in
multiples of RS.100. Approval must be obtained from
the bank before cash is dispensed.
 A customer must be able to make a deposit to any
account linked to the card, consisting of cash and/or
checks in an envelope. The customer will enter the
amount of the deposit into the ATM, subject to
manual verification when the envelope is removed
from the machine by an operator. Approval must be
obtained from the bank before physically accepting
the envelope.

5.  A customer must be able to make a transfer of
money between any two accounts linked to the
card.
 A customer must be able to make a balance
inquiry of any account linked to the card.
 A customer must be able to abort a transaction
in progress by pressing the Cancel key instead of
responding to a request from the machine.

6.  An automated teller machine or automatic teller
machine (ATM), also known as an automated
banking machine (ABM) in Canada.
 A Cashpoint (which is a trademark of Lloyds TSB),
cash machine.
 Sometimes a hole in the wall in British English.
 ATMs are known by various other names including
ATM machine, automated banking machine, and
various regional variants derived from trademarks on
ATM systems held by particular banks.

7. HARDWARE REQUIREMENTS
 Processor : Processorx86 Family 6 Model 15 Stepping 13
GenuineIntel~2394Mhz
 RAM : 512 MB or more
 Hard disk : 20 GB or more
 Monitor : VGA/SVGA
 Keyboard : 104 Keys
 Mouse : 2 buttons/ 3 buttons

8. SOFTWARE REQUIREMENTS
 Operating System : Windows 2000/XP
 Front end : JavaApplet
 Database : Ms-Access.

9.  If the currency being withdrawn from the ATM is
different from that which the bank account is
denominated in (e.g.: Withdrawing Japanese Yen
from a bank account containing US Dollars), the
money will be converted at an official wholesale
exchange rate.
 In the USA, Luther George Simjian has been credited
with developing and building the first cash dispenser
machine. There is strong evidence to suggest that
Simjian worked on this device before 1959 while his
132nd patent (US3079603) was first filed on 30 June
1960 (and granted 26 February 1963). The rollout of
this machine, called Bankograph, was delayed a
couple of years.

10.  There are no hard international or government-
compiled numbers totaling the complete number of
ATMs in use worldwide. Estimates developed by
ATMIA place the number of ATMs in use currently at
over 2.2 million, or 1 ATM per around over 3000
people in the world.

11. Although ATMs were originally developed as just cash
dispensers, they have evolved to include many other
bank-related functions. ATMs include many functions
which are not directly related to the management of
one's own bank account, such as:
 Deposit currency recognition, acceptance, and
recycling.
 Paying routine bills, fees, and taxes (utilities, phone
bills, social security, legal fees, taxes, etc.)
 Printing bank statements
 Updating passbooks
 Loading monetary value into stored value cards
 Adding pre-paid cell phone / mobile phone credit.
 Purchasing

12.  ATM supports voice, video and data allowing
multimedia and mixed services over a single network.
 Provides the best multiple service support
 Supports delay close to that of dedicated services
 Able to use all common physical transmission paths
like SONET.
 Cable can be twisted-pair, coaxial or fiber-optic
 Ability to connect LAN to WAN
 Legacy LAN emulation
 Efficient bandwidth use by statistical multiplexing
 Higher aggregate bandwidth
 High speed Mbps and possibly Gbps

13.  Flexible to efficiency’s expense, at present, for any
one application it is usually possible to find a more
optimized technology
 Cost, although it will decrease with time
 New customer premises hardware and software are
required
 Competition from other technologies -100 Mbps
FDDI, 100 Mbps Ethernet and fast Ethernet
 Presently the applications that can benefit from ATM
such as multimedia are rare
 The wait, with all the promise of ATM’s capabilities
many details are still in the standards process

15. Based studies on the ATM we hereby conclude that ATM is
the easiest way of depositing and withdrawing money.
Transaction is possible any time, that’s why in India some
people call ATM as “all time money”. If ATM machines are
connected to internet then its possible to do transaction from
any where, 24 hours a days and 365 days a year. With the
security of ATM improving it has now become a safe mode of
transaction. Hence it can be concluded that ATM is
safe, fast, reliable, convenient, excisable and any time
money machine.
In future the facilities that can be added to ATM machines
are:
 Filling of bills.
 Check matches score or sensex ups and downs.
 Daily news headline.