Automated teller machine WikipediaCash machine redirects here.For the Hard Fi song, see Cash Machine.An NCR Personas 7.Series interior, multi function ATM in the United States.AhliUnitedBank_BH.jpg' alt='Bank Of America Check Printing Software' title='Bank Of America Check Printing Software' />An automated teller machine, also known in the United States of America as an automatic teller machine123 ATM, American, British, Australian, Malaysian, South African, Singaporean, Indian, Maldivian, Hiberno, Philippines and Sri Lankan English, automated banking machine ABM, Canadian English4, cash point British English5, cashline, minibank, cash machine, tyme machine, cash dispenser, bankomat or bancomat, is an electronic telecommunications device that enables the customers of a financial institution to perform financial transactions, particularly cash withdrawal, without the need for a human cashier, clerk or bank teller.According to the ATM Industry Association ATMIA,6 there are now close to 3.ATMs installed worldwide.On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smart card with a chip that contains a unique card number and some security information such as an expiration date or CVVC CVV.Authentication is provided by the customer entering a personal identification number PIN which must match the PIN stored in the chip on the card if the card is so equipped or in the issuing financial institutions database.Using an ATM, customers can access their bank deposit or credit accounts in order to make a variety of transactions such as cash withdrawals, check balances, or credit mobile phones.If the currency being withdrawn from the ATM is different from that in which the bank account is denominated the money will be converted at an official exchange rate.Thus, ATMs often provide the best possible exchange rates for foreign travellers, and are widely used for this purpose.HistoryeditThe idea of out of hours cash distribution developed from bankers needs in Asia Japan, Europe Sweden and the United Kingdom and North America the United States.Little is known of the Japanese device other than it was called Computer Loan Machine and supplied cash as a three month loan at 5 p.The device was operational in 1.In the US patent record, Luther George Simjian has been credited with developing a prior art device.Specifically his 1.Freeware and shareware components, controls, and utilities including form resize controls, print controls, print preview, report controls, file splitters, server.Sun Chemical is the worlds largest producer of printing inks and pigments and a leading provider of materials to packaging, publication, and other.Mins Ago. JERUSALEM, Oct 12 Israeli Prime Minister Benjamin Netanyahu said on Thursday that any Palestinian reconciliation deal must abide by international.Bank Of America Check Printing Software' title='Bank Of America Check Printing Software' />Are you about starting a screen printing business If YES, here is a complete sample screen printing business plan template feasibility study you can use FREE.US3. 07. 96. 03, which was first filed on 3.June 1. 96. 0 and granted 2.February 1. 96. 3.The roll out of this machine, called Bankograph, was delayed by a couple of years, due in part to Simjians Reflectone Electronics Inc.Universal Match Corporation.An experimental Bankograph was installed in New York City in 1.City Bank of New York, but removed after six months due to the lack of customer acceptance.The Bankograph was an automated envelope deposit machine accepting coins, cash and cheques and did not have cash dispensing features.It is widely accepted that the first cash machine was put into use by Barclays Bank in its Enfield Town branch in North London, United Kingdom, on 2.June 1. 96. 7. 1.This machine was inaugurated by English comedy actor Reg Varney.This instance of the invention is credited to the engineering team led by John Shepherd Barron of printing firm De La Rue,1.OBE in the 2. 00.New Year Honours.Transactions were initiated by inserting paper cheques issued by a teller or cashier, marked with carbon 1.PIN. 1. 92. 2 Shepherd Barron stated It struck me there must be a way I could get my own money, anywhere in the world or the UK.I hit upon the idea of a chocolate bar dispenser, but replacing chocolate with cash. Canon Software To Open Raw Files In Lightroom . The Barclays De La Rue machine called De La Rue Automatic Cash System or DACS2.Swedish saving banks and a company called Metiors machine a device called Bankomat by a mere nine days and Westminster Banks Smith Industries Chubb system called Chubb MD2 by a month.The online version of the Swedish machine is listed to have been operational on 6 May 1.ATM in the world ahead of a similar claim by IBM and Lloyds Bank in 1.The collaboration of a small start up called Speytec and Midland Bank developed a fourth machine which was marketed after 1.Europe and the US by the Burroughs Corporation.The patent for this device GB1.September 1. 96. 9 and granted in 1.John David Edwards, Leonard Perkins, John Henry Donald, Peter Lee Chappell, Sean Benjamin Newcombe Malcom David Roe.Both the DACS and MD2 accepted only a single use token or voucher which was retained by the machine while the Speytec worked with a card with a magnetic stripe at the back.They used principles including Carbon 1.The idea of a PIN stored on the card was developed by a group of engineers working at Smiths Group on the Chubb MD2 in 1.James Goodfellow patent GB1.May 1. 96. 6 with Anthony Davies.The essence of this system was that it enabled the verification of the customer with the debited account without human intervention.This patent is also the earliest instance of a complete currency dispenser system in the patent record.This patent was filed on 5 March 1.US US 3. 54. 39. December 1.It had a profound influence on the industry as a whole.Not only did future entrants into the cash dispenser market such as NCR Corporation and IBM licence Goodfellows PIN system, but a number of later patents reference this patent as Prior Art Device.PropagationeditDevices designed by British i.Chubb, De La Rue and Swedish i.Asea Meteor quickly spread out.For example, given its link with Barclays, Bank of Scotland deployed a DACS in 1.Scotcash brand. Customers were given personal code numbers to activate the machines, similar to the modern PIN.They were also supplied with 1.These were fed into the machine, and the corresponding amount debited from the customers account.A Chubb made ATM appeared in Sydney in 1.This was the first ATM installed in Australia.The machine only dispensed 2.ABC news report on the introduction of ATMs in Sydney, Australia.People could only receive AUS 2.This was a Chubb machine.Asea Metiors Bankomat was the first ATM installed in Spain on January 9, 1.Madrid by Banesto.This device dispensed 1,0.Each user had to introduce a security personal key using a combination of the ten numeric buttons.In March of the same year an ad with the instructions to use the Bancomat was published in the same newspaper.Docutel in the United States 1.After looking firsthand at the experiences in Europe, in 1.ATM was pioneered in the U.S. by Donald Wetzel, who was a department head at a company called Docutel.Docutel was a subsidiary of Recognition Equipment Inc of Dallas, Texas, which was producing optical scanning equipment and had instructed Docutel to explore automated baggage handling and automated gasoline pumps.In 1. 96. 9 a venture capital consortium purchased Docutel with the aim of bringing its ATM to market without delay.By 1. 97. 4, Docutel had acquired 7.U. S. market but as a result of the early 1.Docutel lost its independence and was forced to merge with the U.S. subsidiary of Olivetti.Wetzel was recognised by the United States Patent Office as having invented the ATM in the form of U.S. Patent 3,7. 61,6.October 1. 97. 1 and the patent was granted in 1.However, the U. S.Docutel, all relevant to the development of the ATM and where Wetzel does not figure, namely US Patent 3,6.U. S. Patent 3. U.S. Patent 3,6. These patents are all credited to Kenneth S.Goldstein, MR Karecki, TR Barnes, GR Chastian and John D.White. On September 2, 1.Chemical Bank installed the first ATM in the U.S. at its branch in Rockville Centre, New York.The first ATMs were designed to dispense a fixed amount of cash when a user inserted a specially coded card.A Chemical Bank advertisement boasted On Sept.Chemicals ATM, initially known as a Docuteller was designed by Donald Wetzel and his company Docutel.Chemical executives were initially hesitant about the electronic banking transition given the high cost of the early machines.Additionally, executives were concerned that customers would resist having machines handling their money.In 1. 99. 5, the Smithsonian National Museum of American History recognised Docutel and Wetzel as the inventors of the networked ATM.Continued improvementseditThe first modern ATM was an IBM 2.Lloyds Bank, High Street, Brentwood, Essex, UK in December 1.The IBM 2. 98. 4 was designed at the request of Lloyds Bank.Bank of America Online Banking.Please read this Electronic Communications Disclosure e.Communications Disclosure thoroughly It contains important information about your legal rights.This e. Communications Disclosure covers all of your accounts, products, and services with Bank of America, Merrill Lynch, Pierce, Fenner Smith Incorporated Merrill Lynch and their affiliates collectively, we, us, and our accessible, either currently or in the future, through Online Banking whether accessed through a personal computer or mobile device, sometimes referred to as Mobile Banking or Mobile Banking app, our websites, or other electronic means.This includes, but is not limited to, the following account, product, and service types deposit, credit card, charge card, line of credit, loan, mortgage, brokerage, investment advisory, insurance and others.The words I, you and your mean each account holder, product owner andor service user identified on an account, product or service.Your Legal Rights.Certain laws and regulations require us to provide specific information to you in writing, which means you have a right to receive that information on paper.We may provide such information to you electronically if we first present this e.Communications Disclosure and obtain your consent to receive the information electronically.Your consent will also apply to any other person named on your account, product or service, subject to applicable law.Since certain of our accounts, products or services are provided online and use electronic means to deliver some of this information, you must consent to this e.Communications Disclosure in order to use these services.At times, we may still send you paper communications, but as a basic proposition we need to know that you are willing to receive communications electronically that we may otherwise be required to provide on paper and that you have the hardware and software needed to access to this information and note that in Section No.Communications Disclosure.Types of Electronic Communications You Will Receive.You understand and agree that we may provide to you in electronic format only, such as by posting the information on the website where you access your accounts, products or services, through e mail if applicable and if you have provided a valid e mail address, or through other electronic means, agreements, disclosures, notices, and other information and communications regarding your accounts, services and products, the use of our websites or our other electronic services, your relationship with us, andor other programs, products or services that are or may be in the future made available to you collectively, Communications.Such Communications may include, but are not limited to This e.Communications Disclosure and any updates The Online Banking Service Agreement, other service or user agreements for access to our websites or other electronic services, all updates to these agreements and all disclosures, notices and other communications regarding transactions you make through websites or our other electronic services Disclosures, agreements, notices and other information related to the opening or initiation of an account, product or service including, but not limited to, account agreements, fee schedules or other disclosures or notices that may be required by the Truth in Savings Act, Electronic Fund Transfer Act, Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Gramm Leach Bliley Act, the Real Estate Settlement Procedures Act or other applicable federal or state laws and regulations Periodic, annual, monthly or other statements, disclosures and notices relating to the maintenance or operation of an account, product or service including, but not limited to account information, account activity, account inactivity, payments made or due, or other statements, disclosures or notices that may be required by the Truth in Savings Act, Electronic Fund Transfer Act, Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Gramm Leach Bliley Act, the Real Estate Settlement Procedures Act or other applicable federal or state laws and regulations Investment account disclosures, agreements, statements, trade confirmations, tax reporting statements, shareholder notices, prospectuses, service notices and performance reports regarding accounts, products and services Any notice or disclosure regarding an account, product or service fee, such as a late fee, an overdraft fee, an overlimit fee, a fee for a draft, check or electronic debit returned for any reason, such as insufficient funds fee or a fee as a result of a stop payment order Any notice of the addition of new terms and conditions or the deletion or amendment of existing terms and conditions applicable to accounts, products or services you obtain from us Our Privacy Notice and other privacy statements or notices by posting such notices on our website Certain tax statements or notices that we are legally required to provide to you, such as the annual IRS interest statements and.Certain information or forms that we request from you and ask you to submit electronically, such as signature cards, W 9s, or other agreements.Setting Your Electronic Communications Preferences.After you consent to this e.Communications Disclosure, you may still be able to set your preferences to receive certain categories of Communications in 1 both electronic and paper format 2 electronic format only or 3 paper format only.Setting your Communications preferences may not be available for all products, accounts or services.For more information on the availability of your electronic communications preference management options, please refer to the appropriate electronic communications preference page on the website where you access your Communications.If you decide to receive some Communications in paper and some electronically, the Communications that you receive electronically will be governed by this e.Communications Disclosure.Types of Communications You Will Receive in Paper.This e. Communications Disclosure does not apply to any communications that we determine, in our sole discretion, that we are required to deliver in paper form under applicable law or that you should receive in paper rather than electronic form.Such communications shall be mailed to the primary address we show for you in our records or otherwise delivered as required by law or the governing agreement.Hardware and Software Requirements.For Online and Mobile Banking You will need a computer or mobile device with internet access and browser, a compatible operating system, andor a compatible Bank of America Mobile Banking app to access the Communications.While you may be able to access and retain the Communications using other hardware and software, we recommend that you use the latest version of the supported browsers or Mobile Banking app available, keep your security settings up to date and that you enable Java.Script. In certain circumstances, we may need to block certain browsers and software from accessing Online Banking and Mobile Banking due to possible security risks and may not be able to inform you in advance.Please refer to Browser and Operating System Requirements for a current list of browsers and operating systems compatible with Bank of Americas Online Banking website and Mobile Banking App.For Merrill Lynch or Merrill Edge websites You will need a computer or mobile device with internet access and browser, and a compatible operating system to access the Communications.While you may be able to access and retain the Communications using other hardware and software, we recommend that you use the latest version of the supported browsers, keep your security settings up to date and that you enable Java.Script. In certain circumstances, we may need to block certain browsers and software from accessing Merrill Lynch or Merrill Edge websites due to possible security risks and may not be able to inform you in advance.For the latest list of browsers and operating systems we currently support, see our Recommended Browsers page.Most Communications provided within our websites are provided either in HTML andor PDF format.For Communications provided in PDF format, Adobe Reader 6.A free copy of Adobe Reader may be obtained from the Adobe website at www.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |