Highly improved ATM security system for the safety of customers

In the past, people were accustomed to carry cash in their wallets or pockets. It does not matter how much the money is. People just stuff them in their shorts, jeans and bags due to which thieves and robbers find it easy to steal it away. However, since the advent of the technology, a card has been invented that enable people to acquire cash more safely and conveniently from machines that will help to secure money for them. The machines are mainly placed in strategic locations which are quite easy to spot. They are also owned by banks that replenish their monetary stock.

This automated teller machine is also popularly known as automated banking machine. It is a computerized telecommunication device that provides people with the access to financial transaction in public places without the need for having a cashier, bank teller or clerk. Customers are mainly required to carry their ATM cards for verifying their identification and account. The card is made of plastic and has a magnetic stripe or plastic smart card with a chip that contains specific card number along with some security information such as expiration date. The authentication is being verified by encoding a personal identification number which can either be in 4 digits or in 6. This number is really very important as it provides the card holder the exclusive authority to dispense money from the machine.

ATM service plays an important role, the customers can gain access with their respective bank accounts in order to process cash withdrawals and debit card cash advance, pay bills as well as check their account balance and purchase pre paid mobile phone credit. ATMs are quite convenient to use in acquiring money at anytime you want. They even release cash though the bank’s currency is of a different denomination. The money will be converted at an official wholesale exchange rate. For instance, you can still withdraw cash from a bank account containing US dollars. The ATMs are basically used for these purposes.

With so many dangerous things that are happening all over the world in recent days, it is not only wise that you know how to protect yourself and your ATM card. With so many cases circulating ATM crimes, the banks don’t want to happen it to you as well. A lot of people now victimize ATM card holders especially those who withdraw money at secluded places. It is really very important that proper ATM security should be provided to customers for safe transaction.