Automated teller machine

 

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Automated teller machine

Also known as cash dispenser. A computerised self service machine allowing the holder of an ATM card and authorised personal identification number (PIN) to obtain cash and statements etc.



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Automated Clearing House (ACH)

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Computer-controlled terminal located on the premises of financial institutions or elsewhere, though which customers may make deposits, withdrawals or other transactions as they would through a bank teller. Other terms sometimes used to describe such terminals are customer-bank communications terminal (CBCT) and remote service unit (RSU)Groups of banks sometimes share ATM.


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