Q:

What does ATM stand for?

A:

Quick Answer

ATM is an abbreviation for automated teller machine. These telecommunications devices allow card-holding banking customers access to their accounts and funds at any time and in places outside of their institution's branches.

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What does ATM stand for?
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Full Answer

Conceptualized as far back as 1939, the first modern ATM was invented by John Shepherd Barron and installed in a branch of Barclays Bank in North London in 1967. This and other early machines were not linked to their banks' computer systems and issued funds in exchange for vouchers. Since then, ATMs have become a part of a global banking network, with machines and cards that have been standardized, and allow customers access to their money at almost any time or place around the world.

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Related Questions

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    How does an ATM function?

    A:

    An ATM functions as a data terminal that connects to a host computer and bank computer through a network connection. A typical ATM has four output and two input devices connected to it. An ATM can function through either a dial-up or leased-line connection.

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    Do all ATM machines have cameras in them?

    A:

    While most bank-owned ATM machines have cameras, there are some that are privately owned that do not have cameras installed. Bank ATM machines are located inside of banks, while privately owned ATM machines are located throughout a town.

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    Where can you find Cirrus ATM locations?

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    What are the Chase ATM withdrawal limits?

    A:

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