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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.
Automated teller machines (ATMs) are targets for fraud, robberies and other security breaches. In the past, the main purpose of ATMs was to deliver cash in the form of banknotes, and to debit a corresponding bank account. However, ATMs are becoming more complicated and they now serve numerous functions, thus becoming a high priority target for ...
Diebold branched into the emerging market for automated teller machines (ATMs) in the early 1970s, and has since debuted numerous ATM product lines. [20] Diebold's Total Automatic Banking System 500 (TABS 500) product was revealed in 1972. [10] Another early ATM created by Diebold was the Diebold 10xx, introduced in 1985 as part of the 10xx ...
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 .
ISO 8583. ISO 8583 is an international standard for financial transaction card originated interchange messaging. It is the International Organization for Standardization standard for systems that exchange electronic transactions initiated by cardholders using payment cards. ISO 8583 defines a message format and a communication flow so that ...
Tandem Computers, Inc. was the dominant manufacturer of fault-tolerant computer systems for ATM networks, banks, stock exchanges, telephone switching centers, 911 systems, and other similar commercial transaction processing applications requiring maximum uptime and no data loss.