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Asynchronous Transfer Mode. Asynchronous Transfer Mode (ATM) is a telecommunications standard defined by the American National Standards Institute and International Telecommunication Union Telecommunication Standardization Sector (ITU-T, formerly CCITT) for digital transmission of multiple types of traffic. ATM was developed to meet the needs ...
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.
ATM controller. An ATM controller ( ATMC) is a system used in financial institutions to route financial transactions between ATMs, core banking systems and other banks. An ATMC is sometimes referred to as an "EFTPOS Switch". An ATM controller is key infrastructure in an interbank network .
FORE Systems, Inc., was a computer network switching equipment company based in Pittsburgh, Pennsylvania.Founded in 1990 to supply Asynchronous Transfer Mode (ATM) cards for workstation computers, it soon branched out to become a major supplier in the ATM switch market and the extended those product lines to add Internet Protocol switching and other devices.
National Financial Switch (NFS) is the largest network of shared automated teller machines (ATMs) in India. [1] It was designed, developed and deployed by the Institute for Development and Research in Banking Technology (IDRBT) in 2004, with the goal of inter-connecting the ATMs in the country and facilitating convenience banking.
In telecommunications, packet switching is a method of grouping data into short messages in fixed format, i.e. packets, that are transmitted over a digital network. Packets are made of a header and a payload. Data in the header is used by networking hardware to direct the packet to its destination, where the payload is extracted and used by an ...