January 31, 2023
Automated teller machines are used for retail banking, where customers want to withdraw cash from their bank accounts. The machines connect the users to their bank accounts and allow them withdraw money from their accounts.
It is surprising to see a machine located at a distant place allowing bank customers withdraw cash from their accounts. Bank customers get cards that have their account details. Cards are inserted in cash machines and ATM card readers read the bank cards. Soon the customers are connected to their bank accounts and they are allowed to withdraw cash.
It is a technical process that involves reading bank account details of cash machine users. One can withdraw cash from his account only after connecting to his account. The cash machine user provides his account details to the machine that processes the information. Soon the user is granted access to his account and provided an opportunity to do retail banking.
The machine reads account details printed on the card. The details are printed in a magnetic strip that the machine reads. The information is passed on to server from where the machine user is connected to his bank account. The process is simple but it goes through a complex route.
It is a process that ensures that only genuine bank account holders take advantage of the machine. The machine can read account information printed on magnetic chip. As soon as the machine reads information, it starts processing the information.
Advantage of this technical process is that it can prevent misuse of machines. The machine won’t allow thieves to use cloned bank cards to withdraw cash from bank accounts. It can sense fake cards and deny processing the cards.
ATM card readers are small electronic machines. They are called brains of the cash machines as it is only after ensuring that the users are genuine that the machines would allow users to access retail banking. These machines need little time to process information as they pack latest electronic technology.
If a cash machine is unable to read cards, it won’t process cards and return the cards. A card reading machine could fail to read cards for many reasons including technical reasons. It is the responsibility of machine owners to keep their machines in working conditions. Card reading electronic machines can be bought at affordable price.