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ATM machines are developed with special computer software that
provides an assortment of banking services often 24 hours a day 7 days a week.
Since the advancement of technology more emphasis is placed on security due
to increased fraud potential and related crimes. There are ATMs that feature
security elements such as hidden cameras and security pin numbers to help
people use them with fewer worries. Some machines are available in areas such
as gas stations, grocery stores, airports, and shopping malls. Public areas allow
easy access and less risk of fraud or theft.
Fraud and related crime cases with ATMs have been on the rise due to
scams and phony devices being created. People have had their pin (personal
identification number) stolen or even their bank cards because of fraud. Con
artists have gone as far as creating external devices that attach into a real ATM
that helps collect personal data during a transaction. In recent years many ATM
designs have been upgraded or changed to help reduce this risk. Some machines
may warn customers about possible fraud and what to look for if they suspect it.
Around the world the ATM provides similar banking services with some
areas referring to the device with a different name. In some areas we can
purchase movie tickets, gift certificates, and make charitable contributions all
through accessing funds attached to our bank card. Security issues continue to
be improved and monitored as more people rely on ATMs on a regular basis.
Security measures such as fingerprint and face identification are being
implemented at certain ATMs in different countries. There are security
technologies that have not been accepted by other countries around the world
due to cost measures or doubts in effectiveness.
ADVANTAGE & DISADVANTAGE OF ATM:-
ADVANTAGE DISADVANTAGE
We can withdraw cash at any time, day ATM may be off-line (system down).
or night. The banks don’t need to be
open.
Our ATM card is protected by a PIN, We may forget our PIN number.
keeping our money safe.
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