ATM or automated teller machine is one of the most widely used technologies of the present time. People have become so used to this that nowadays they very rarely carry cash with them. Not just near the bank premises but ATM machines are found almost everywhere, like railway stations, shopping malls and similar places where people may be in sudden need of cash. Frequent cash withdrawals done through this technology has earned it the name any time money. But while using this facility we do not realize that how various machineries are assembled to form this whole system. We are absolutely unaware of the different ATM parts.
The technology used in and ATM machine is almost a combination of computer with internal storage device and robotics. The very first thing we do after entering the ATM counter is to swipe or insert the card into the machine. Very few of us know that there is a magnetic card reader in the machine that decodes the information given in the black magnetic strip of the card. The ones in which we have to insert the card is equipped with a dip card reader and the others with swipe card readers.
There is a cash dispenser inside the ATM machine that brings out the amount of money typed on the screen and a printer that gives us a summarized account statement after every withdrawal. These are some of the internal and external parts that can be perceived during the time of cash withdrawal. But there are also some very minute parts that need to be connected to the machine for proper functioning.
There are several varieties of the magnetic reader head itself. There are rollers for the dispenser, a reject box that stores defective notes for returning in the banks, a number of cash boxes to hold currencies of various denominations. There are many suppliers of ATM parts operating in the market because as the number of machines are increasing this is becoming a very profitable business.
The technology used in and ATM machine is almost a combination of computer with internal storage device and robotics. The very first thing we do after entering the ATM counter is to swipe or insert the card into the machine. Very few of us know that there is a magnetic card reader in the machine that decodes the information given in the black magnetic strip of the card. The ones in which we have to insert the card is equipped with a dip card reader and the others with swipe card readers.
There is a cash dispenser inside the ATM machine that brings out the amount of money typed on the screen and a printer that gives us a summarized account statement after every withdrawal. These are some of the internal and external parts that can be perceived during the time of cash withdrawal. But there are also some very minute parts that need to be connected to the machine for proper functioning.
There are several varieties of the magnetic reader head itself. There are rollers for the dispenser, a reject box that stores defective notes for returning in the banks, a number of cash boxes to hold currencies of various denominations. There are many suppliers of ATM parts operating in the market because as the number of machines are increasing this is becoming a very profitable business.
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