Saturday, May 12, 2018


Automated Teller Machine generally called ATM or cash line, cash bank, tyme machine, cash dispenser, bancomat, mini bank or cash machine as the case may be is a telecoms device that works electronically to assist customers of a bank or financial institution withdraw or retract cash, check balance, load mobile phone recharge, pay bills, transfer cash etc., without any human assistance whatsoever. To use an ATM, users have to insert a plastic ATM card which has a magnetic strip and chip in it which contains a certain security
information, basically, a CVV, card number, expiry date and a PIN which should be known to only the owner of the card. ATMs became operational in 1966 and they served the UK, Sweden, Japan and the US at the time of inception.

The first modern-day Automated Teller Machine was installed in 1972 at Lloyds Bank, High Street, Brentwood in Essex, UK and it was an IBM 2984 machine, the machine was produced and installed on the bank's express request. The IBM 2984 Automated Teller Machine became the world's first electronic cash dispensing machine operated with a plastic card chip.

Today, there are more than 3.4 million ATM points globally and that figure is rising, Modern-day cruise ships and U.S Navy ships also have ATMs installed onboard. The most Southernmost Automated Teller Machine is situated in the Antarctica region of New Zealand's McMurdo Station, Ross Dependency and has been in operation since 1997, owned and managed by Wells Fargo, the machine is serviced only once in 2 years. The world's Northernmost Automated Teller Machine is situated at Longyearbyen, Svalbard in Norway.

 The world's highest Automated Teller Machine is installed at a height of 15,397 feet above sea level and is designed to work at up to -40 degrees Celsius, situated in Pakistan, at the Khunjerab Pass, it is owned and installed by the National Bank of Pakistan.

Below are the basic components of an Automated Teller Machine, all ATMs globally come with the same basic structural composition but in different aesthetic designs. The technical components of an Automated Teller Machine include:


This part of the ATM is used by the user to perform transactions onscreen. This part of the machine allows users go through a couple of key-presses and gestures, issue electronic commands onscreen which allows the user to transact smoothly.

2. CPU:

This serves as the hub of control. The CPU controls all transaction devices and interfaces in the machine by executing and coordinating all electronic commands for an effective and hassle-free transaction.

3. VAULT:  

The vault basically houses and safely stores all parts and components of the machine that requires strict restriction. Not only does the vault contain cash but it also contains certain security components of the machine that require safe-keeping.


The magnetic chip card reader is the one part of the machine that introduces the human interface (user) to the machine electronically. It is the duty of the magnetic chip card reader to identify the customer electronically through their plastic chip card.


This part of the machine is usually pretty close to the display and it is used to select what parts or transact functions should be executed. More like a wand, keys are used to issue out specific commands electronically which turn out to be transactions.


These are top-level security accessories that are installed on the machine to control high-level encryption and decryption protocols.


The record printer is that part of the machine that allows users the leverage to have a hardcopy of their transactions for record-keeping purposes while the housing or outer shell is the encasement in which the whole structure of the machine fits into and it also carries the aesthetics of the machine.

Finding ATM points in a neighborhood or locality can sometimes be cumbersome and stressful. It is a widely known fact that not all ATMs have cash in them all the time, thereby forcing customers to scout their vicinity for machines with cash. What many smartphone users do not know, especially those who have the world's most popular operating system running on theirs, is that they can from anywhere, at any time conveniently find all the ATM points in and around their vicinity.

The following 5 Android Apps listed below are the top ATM Point Locators on the Google Play Store.

1. MAPS (GOOGLE): First on the list is Google's own free-to-use Maps App which has become the most downloaded transit and navigation Android App globally. The App virtually delivers to users a classy geolocation service which allows users to easily search and filter not just ATM points within the vicinity but any point of interest within a city including restaurants, pubs, bus terminals, train/tram stations, clubs, Bank ATMs etc. After selecting their preferred ATM points users can get real-time directions to their selected locations and even get the current status of the Bank ATM.

2. SPRY ATM LOCATOR: Developed by Spry Finance, the Spry ATM Locator is a global ATM locator which allows users to get a well-filtered list of Bank ATM points closest to their geolocation. The App comes with a pretty easy interface for hassle-free use. Users can get real-time data on each ATM point and have a dedicated list of selected ATM points for future use. The App of precise distance, location, time, and much more status of each selected Automated Teller Machine.

3. ATM FINDER: ATM Finder by TeknoApps Developers is one ATM Locator App that comes complete with a distance range of Automated Teller Machines within a 1 to a 10-kilometer radius. Users can also filter and customize the search list to their own preferred banks. The App is also designed to furnish users with both address and geo-location data while users also can get real-time directions to their preferred ATM points.

4. NEAREST LOCATOR: This App works based on the users' geolocation. Not only does the Nearest Locator App filter Bank ATM points it also delivers the closest bus terminals, police stations, restaurants, spas, hospital etc. When it comes to getting to an ATM point within a neighborhood, the App delivers real-time navigation to users thereby saving them a lot of stress.

5. ATM FINDER: YDoodle's ATM Finder App sifts through all the ATM points within 1 km radius and allows users to select what Bank ATM they wish to use and its status. The App also supplies users with website/physical address, phone no., and distance of the selected ATM points while it furnishes users with accurate directions to reach there.






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