Automated-teller machine definitions
| Word backwards | rellet-detamotua enihcam |
|---|---|
| Part of speech | The part of speech of the word "automated-teller machine" is a noun. |
| Syllabic division | au-to-mat-ed-tell-er ma-chine |
| Plural | The plural of "automated-teller machine" is "automated-teller machines." |
| Total letters | 22 |
| Vogais (5) | a,u,o,e,i |
| Consonants (8) | t,m,d,l,r,c,h,n |
Automated Teller Machines, commonly known as ATMs, have revolutionized the way we access our money. These electronic banking outlets allow customers to perform various banking transactions without the need for human interaction.
The Evolution of ATMs
The concept of ATMs was first introduced in the 1960s, and since then, they have undergone significant advancements in both technology and functionality. Initially designed to dispense cash, ATMs now offer a wide range of services, including deposits, withdrawals, fund transfers, bill payments, and even mobile phone top-ups.
How ATMs Work
ATMs operate through a combination of hardware and software components. When a customer inserts their bank card into the machine and enters their PIN, the ATM connects to the customer's bank through a secure network. The customer can then choose from a list of available transactions and complete their desired operation.
The Benefits of ATMs
ATMs provide customers with convenient access to their funds 24/7, eliminating the need to visit a physical bank branch during limited operating hours. They also offer a secure way to conduct banking transactions, as customers can withdraw cash and perform other functions without the risk of carrying large sums of money.
Additionally, ATMs have helped reduce long queues at bank branches, enabling customers to complete their transactions quickly and efficiently. This has not only improved customer satisfaction but also increased the overall efficiency of banking operations.
Future Trends in ATMs
As technology continues to advance, ATMs are also evolving to meet the changing needs of consumers. Some of the emerging trends in ATM technology include biometric authentication, contactless transactions, and personalized banking experiences.
In conclusion, ATMs play a vital role in the modern banking landscape, providing customers with a convenient and secure way to access their funds. With continuous innovations in technology, ATMs are expected to become even more efficient and user-friendly in the years to come.
Automated-teller machine Examples
- I used the automated-teller machine to withdraw cash from my bank account.
- The automated-teller machine was out of service, so I had to find another one to use.
- I prefer using the automated-teller machine for my banking needs instead of going to a physical branch.
- The automated-teller machine at this location charges a fee for withdrawals.
- I always make sure to cover the keypad when entering my PIN at an automated-teller machine.
- Using an automated-teller machine is a convenient way to deposit checks without going into the bank.
- Some automated-teller machines allow you to choose the denominations of the bills you receive.
- I forgot my debit card at home, so I couldn't use the automated-teller machine to access my funds.
- There was a long line of people waiting to use the automated-teller machine at the mall.
- I received an email alert about suspicious activity on my account after using an automated-teller machine.