A sensor determines if two or more bills are stuck together or if the wrong denomination was pulled and causes them to be inserted into the reject box. I think this is to reduce the likelihood of dispensing wrong currency notes. Debit cards are issued to account holders that have a debit or positive balance on their accounts with their respective banks.
Credit cards are issued by financial institutions, granting credit facilities to their holders. In actual sense, the credit card holders are busy spending money that is not theirs; they are actually borrowing from the credit card issuing institutions.
I suppose it is for the above reason that most of the ATMs are designed for the debit cards in a bid to reduce the likelihood of people overdrawing their credit balances. When a Bank issues you with a Credit card, they become your creditor as compared to the debit card that is pegged to you account balance. Do you have an idea for The New Times to cover?
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Snapshots Must Reads. Like any other data terminal, the ATM has to connect to, and communicate through, a host processor. The host processor is analogous to an Internet service provider ISP in that it is the gateway through which all the various ATM networks become available to the cardholder the person wanting the cash. Most host processors can support either leased-line or dial-up machines. Leased-line machines connect directly to the host processor through a four-wire, point-to-point, dedicated telephone line.
Dial-up ATMs connect to the host processor through a normal phone line using a modem and a toll-free number, or through an Internet service provider using a local access number dialed by modem. Leased-line ATMs are preferred for very high-volume locations because of their thru-put capability, and dial-up ATMs are preferred for retail merchant locations where cost is a greater factor than thru-put.
The initial cost for a dial-up machine is less than half that for a leased-line machine. The monthly operating costs for dial-up are only a fraction of the costs for leased-line.
When a withdrawal is selected the transaction is processed and, if approved, your bank debits your account for the amount.
The mainboard then initiates the dispensing of the cash. The cash dispenser removes the bills from the cassette one by one. The dispenser is an ultra-sensitive piece of equipment that determines if each bill is of the right size and thickness to ensure that only one bill is dispensed at a time. If a bill is determined not to be correct; which can be caused by numerous factors including: being stuck together, torn, or worn, it is sent to the reject bin.
If a bill is sent to the reject bin, another bill is selected to be dispensed until the right number of bills has been dispensed for the transaction. After the bills have been dispensed, a receipt is printed for the transaction. Shopping Cart. Cassette - This part holds the ATM cash. Cash dispenser - This part moves cash from the cassette to the cash tray. Printer - This part prints the receipt for the customer.
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