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Atm Implementation

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Submitted By Skeletunx
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ATM Implementation
May 5, 2014

ATM is a method utilized by most financial institutions and provides many people a means to communicate with their financial institution. For many people it is the primary method of interacting with their bank and the conveniences provided by the ATM system is a consideration for some when determining their financial institution. Because of this many banks find it necessary to install and make available ATMs at multiple locations in a large geographical area in order to provide their customers with the best service.
All ATMs will provide customers with a method for input and output. This device utilizes a secure communications combined with centralized banking functions and systems and will allow customers to perform various transactions via the ATM such as: * Fund Transfers * Deposits * Withdrawals
All of these functions and others present the customer with a method to conduct their banking transactions from almost every other ATM machine in the world (Bellis, 2012).
ATM – Withdrawal Function
The functions of withdrawal within an ATM usually require the customer to confirm from which account they want to withdrawal prior to specifying the dollar value that they would like to withdraw. This is usually presented in the form of a pre-determined list of values.
The ATM will next communicate with the financial institutions in question to make a determination if there are sufficient funds available in the customer’s account to support the desired transaction and if so the details of the transaction are sent to the bank. The amount requested is then provided to the customer along with a receipt. In the case that there are insufficient funds, the customer will receive a message via the ATM display and be provided with the option of selecting a lower amount, changing accounts, changing transactions or cancelling

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