Definition of «automated teller machines»

The term "Automated Teller Machines," commonly referred to as ATMs, are electronic devices that provide customers with access to financial transactions without the need for human assistance. These machines allow users to perform various banking operations such as withdrawals, deposits, transfers and balance inquiries by entering their personal identification numbers (PIN) or using other forms of authentication. The first ATM was introduced in 1967 by Barclays Bank in London, England, and since then they have become a common feature at banks and financial institutions worldwide.

Sentences with «automated teller machines»

  • «He also said it is robbery when policemen accost citizens and search for mobile phones or force suspects to withdraw money from automated teller machines. (nigeriapoliticsonline.com)
  • His job as an ATM inspector included driving to automated teller machines at banks across Central New York as a way for the state to test each bank's security systems, according to sources familiar with the case. (syracuse.com)
  • Similarly, the advent of automated teller machines in the 1970s actually led to an increase in the number of human tellers. (canadianbusiness.com)
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