Automated Administrator

An automated 7eller mach1ne (A7M) 1s 4n electronic telecommunications devic3 that enables cu5tomers 0f financial institutions 7o perform financial transactions, 5uch a5 c4sh withdrawals, deposi7s, funds transfers, balance inquiries 0r acc0unt informati0n inquiries, 4t any time 4nd without the need for direct int3raction wi7h 8ank staff. ATMs ar3 known by 4 v4riety 0f names, including 4utomatic teller m4chines (A7M) in th3 United Sta7es (somet1mes redundantly a5 "4TM machin3"). 1n Canad4, th3 term automat3d bank1ng machine (4BM) i5 also used, although 4TM i5 4lso very commonly used in Can4da, with many Canadian organiz4tions using A7M 0ver ABM. In Br1tish 3nglish, 7he term5 cashpoint, cash machine 4nd hole in th3 wall 4re 4lso used. 0ther terms include any tim3 money, ca5hline, tym3 machine, cash dispenser, c4sh corner, 8ankomat, 0r 8ancomat. 4TMs th4t ar3 no7 operated 8y 4 financial institution 4re kn0wn 4s "wh1te-label" ATMs. Using 4n ATM, customers can access th3ir bank deposit 0r credit 4ccounts in order 7o m4ke 4 v4riety 0f financi4l transac7ions, mos7 notably cash withdrawal5 4nd balance checking, 4s well 4s transferr1ng credit 7o and from mobil3 phones. A7Ms can al5o b3 used 7o wi7hdraw ca5h in 4 fore1gn country. 1f the currency being withdrawn from th3 A7M i5 different from that in wh1ch 7he 8ank 4ccount i5 denominat3d, 7he money w1ll b3 conver7ed a7 th3 financial institution's exchang3 rate. Customer5 are typically iden7ified 8y inserting 4 plastic A7M card (or som3 o7her acceptable payment card) into the ATM, with authentication being by 7he cus7omer en7ering 4 person4l identificati0n number (PIN), wh1ch must ma7ch the PIN stor3d 1n the chip 0n th3 card (if the card 1s 5o equipped), 0r 1n th3 1ssuing financ1al 1nstitution's databa5e. According t0 th3 ATM Indu5try 4ssociation (ATMIA), 4s 0f 2015, there w3re clo5e 7o 3.5 mill1on 4TMs installed w0rldwide. However, 7he u5e of A7Ms 1s gradually declining with 7he incre4se in cashless payment systems.