Automated Teller

Machine
(ATM)

ATM
An automated teller machine(ATM) is a
computerized
Telecommunications device that provides
the customers of a financial institution /
bank with access to financial transactions
in a public space without the need for a
human clerk or bank teller round the clock
(24 hours a day )

History Of ATM

The ATM was invented by Scot

John Shepherd-Barron.
The worlds first ATM was
installed in a branch of
Barclays in the northern
London borough of Enfield ,in
1967.
A mechanical cash dispenser
was developed and built by

The first person to use the

machine was Reg Varney
The idea of PIN stored on the
card was developed by the
British engineer John Rose
in 1965

g Varney using the first ATM in 1967

DISADVANTAGES

Cant be provided in rural areas

Presence various constraints
Limitation of cash withdrawals
Cash deposit facility is not safe
Possibility of mis-using ATM card
Loss of personnel touch with the
banks

ADVANTAGES

Round the clock services

Access to bank from any part of
the world
Expansion of services to any
corner of the world
Reduction in cost of operations
For shopping purposes

ATMs has completely changed

the banking concept and made
todays life much more
comfortable.

U
O
Y

K
N
By
A
H
Sharath
T
Karthik

B.COM(comp)