All articlesABFMAccountingAncillary ServicesBank NewsBank StaffBRBLCapital MarketCentral bankingComplianceCurrent AccountDepositsEthicsFeaturedFinancial AnalysisForeign ExchangeHuman ResourceIncome taxIndian EconomyIndian Financial SystemInformation TechnologyInsuranceInterviewerLaw related to collateral-securitiesLegal and Regulatory aspects of bankingLoans and advancesMoney MarketMutual FundsNegotiable Instrument ActNewsNPA managementPPBPriority Sector AdvancesPromoreserve bankReserve Bank Functions and newsRetail BankingRetail loansRisk Managementrural bankingSavings BankStatisticsTips & tricksUncategorizedWealth Management
How does an ATM works with electromagnetic cards and the PIN?
When you enter an ATM kiosk you find an ATM (Automated Teller Machine) consisting of the following; a). Video display monitor, b)Keyboard/keypad, c)touch screen. c) Inside the ATM, a host computer is attached which is connected to the ATM network. d) Besides, the computer there are slots inside the ATM for various purposes viz. card…
Read article