Technology Used in ATMs Banking Awareness Material – IBPS SBI RRB

By Unknown - Monday, September 22, 2014 - No Comments

ATM is a high-speed networking standard designed to support both voice and data communications. Banking awareness material on Technology used in Automated Teller Machine (ATM). Nowadays ATMs are playing a vital role in banking sector, for easy accessing the account from anywhere in the world. One should possess good knowledge on this working and technologies used in ATMs for Banking Awareness for IBPS SBI RRB bank exams. This Material on Technology Used in ATMs are designed with the information about the technology, operating systems, connection mode and OSI layers used in Automated Teller Machine (ATM).

ATM is normally utilized by Internet service providers on their private long-distance networks.Candidates who are writing IBPS SBI RRB bank exams are recommended to study this material. Good number of questions will be asked on Technology Used in ATMs. All Banking Awareness Materials for Online Bank Exams are designed here exclusively for bank aspirants. Study all Banking Awareness Materials and practice our Online Bank Exams to enhance your knowledge and confidence. Materials on Computer Awareness and Current Affairs are also provided here for IBPS SBI RRB bank exams. Go through the materials and online tests with confidence all the best.

Automated Teller Machine (ATM) :

Automated Teller Machine (ATM) is a computerized machine that provides the customers the facility of checking balance, withdrawing and transferring the funds without visiting the branch of the bank

Important Points to Remember:

Technology Used: Broadband Integrated Service Digital network (BISDN)

Operating systems used in ATMs Primarily: Windows XP Professional and Windows XP Embedded

Communication Mode: Both Data and Voice

Operates on: layer 2 in OSI Model (Data Link Layer)

Connection Mode: Point-to-Point

Size of ATM Cells: 53 Bytes (48 bytes of data and 5 bytes of header information)

Facilities available at ATMs

Account Information
Cash Deposit
Regular bills payment
Purchase of Re-load Vouchers for Mobiles
Mini/Short Statement
Loan account enquiry

There are two types of cards supported by ATM

ATM Debit Card
Credit Card

Debit Card:

ATM Debit Card is card given by bank to access your account easily using a machine called Automated Teller Machine (ATM). Debit cards can be used for shopping purposes, without carrying the money. You can use Debit cards while purchasing, but you must have money in your account. Purchased amount will be deducted immediately from your account.

Advantages:

No need to carry money with you
You can use it for shopping purpose
No need of filling withdrawal and deposit slips
Money Security: No one can access it without knowing PIN Number
You can access your account from any corner of the world, no need to visit bank branch
Availability (24*7 Services)

Disadvantages:

Sometimes you may face Server-Down Problem
Forgetting of Pin Number
Fees charged for using card in different bank may be expensive
Limitation of cash withdrawal

Credit Card:

Credit card is different from debit card, in debit card you must have money for using it. But for using credit cards, its not necessary. If you use credit card for purchasing purposes it does not deduct your money immediately.

Bank will pay the vendors and sends the bill to the customer every month.