An ATM is a cleverly designed non-human banking service that offers banking facilities 24 hours a day.
A credit card gives you credit for your purchase, whereas an ATM directly deducts the amount from your account.
Another name for a check card is a debit card.
Advertisement
Your ATM card is usually only used at an ATM.
Yes, most retailers will accept both interchangeably.
Some hotels and car rentals have this set-up, because you're paying by check card and this ensures they will receive payment.
Advertisement
The only card that you need to enter a PIN number for is a debit card.
The bank might charge you a certain fee if you use your check card as a debit card.
Both of them are like gateways to a data terminal or network.
Advertisement
An ATM works by means of a modem connection to the host processor.
The initial cost of a dial-up machine is less than half of the cost of a leased-line machine.
The card reader gets the information from the magnetic strip that is located on the back of an ATM card.
Advertisement
The speaker gives auditory feedback, similar to speakers attached to other electronic systems.
The sensor identifies old notes or notes that are stuck together. These are diverted away from current usage.
The ATM keeps a record so that the bank knows if the machine is causing a problem. A high reject rate might indicate, for example, a bill-loading problem.
Advertisement
An ATM transaction always entails the moving of monies through an electronic transfer.
The ATM must receive an approval code before it can release the cash you've requested.
ATMs for both the visually impaired and the blind offer keypads with Braille.
Advertisement
Your personal details are as safe as they could possibly be because of the encryption software involved.
The last four digits of your account number are printed on a transaction receipt. This means that your account details are not disclosed to anyone who finds the receipt.