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    Atm

    Popularly known as an automated teller machine (ATM) or cash machine, the electronic machine helps banking consumers to withdraw cash, deposit checks and even update passbooks. Apart from this, an ATM helps banking consumers to check their balance and change their pin of passwords at any time during day or night. Also, in an ATM, the requirement of a banking staff is not required. How does this ATM function? A banking consumer, having an ATM card -- a plastic ATM card with a special serial number, expiry date and a CVV number -- inserts it into the machine. Following this, the person waits till his or card is accepted by the bank and he or she is asked for the ATM personal identification number (PIN). After the person types his or her ATM pin, a screen with multiple options including cash withdrawals, mini statement, PIN change, cash deposit, fund transfer and others appear. The person chooses his or her option and presses enter. The machine then follows the instructions provided by the user and helps him or her solve the issue. Where are these ATMs located? The ATMs are located almost in every public place where people can access banking services. They are placed in every railway station, bus terminal, airports, shopping malls, educational institutions, etc. How secure are ATMs? ATMs are highly secured electronic devices that help keep the financial institutions their finances safe. Also, a CCTV camera is placed wherever an ATM is placed. Among others, in most of the ATMs, security guards are appointed. In case of emergency, banks take help of police to deal with the issue. More

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    • China installs gold ATM that verifies purity, credits amount in bank account in 30 minutes. Watch

      The ATM has been witnessing long queues of people trying to sell off their generational gold. Users need to book an appointment to use it and according to reports, appointment slots till May are full.

    • ATM fee raised from Rs 21 to Rs 23 per transaction effective May 1: RBI

      Customers are eligible for five free transactions (inclusive of financial and non- financial transactions) every month from their own bank ATMs

    • ATM withdrawals may cost more from May 1 after RBI agrees to raise interchange fee

      The RBI has approved a Rs 2 increase in ATM interchange fees, which is a charge that one bank pays to another for offering ATM services to customers

    • RBI to take stock of cash being handled by ATM operator AGS Transact

      'We are in the process of reconciling cash across our ATMs and vaults and handing it over to the respective banks in line with established industry procedures,' says AGS Transact

    • RBI approves Tata Communications' stake sale in ATM biz to Australian Fintech for Rs 300 crore

      Announced in November 2024, this strategic deal is valued at Rs 330 crore, with an additional Rs 75 crore contingent on certain conditions

    • Congress-ruled states ATM of party’s ‘shahi parivar’: PM Modi

      “We won’t let Maharashtra become the ATM of Congress,” Modi said, addressing a campaign rally in Akola for the November 20 state assembly elections.

    • Exclusive: AGS Transact Technologies eye contracts with SBI, Union Bank of India and PNB for 18,000 ATMs and technology services

      In addition to this, the company has launched a new product, an application to make payments and monitor fuel related transactions and details with Hindustan Petroleum Corporation Limited which is in the pilot phase at some select fuel retail outlets in Mumbai.

    • CMS Info Systems: A high-conviction buy 

      Opportunities in the cash management and managed services businesses appear to be strong, driven by the ATM replacement cycle, network expansion and retail cash business points growth

    • RBI ombudsman received maximum complaints about ATM, debit & credit cards in 2022-23

      According to the report released on December 27, public sector banks received 1,02,144 complaints through the ombudsman in 2022-23, while private sector banks received 73,764 complaints

    • Narayana Murthy's key learning while waiting in queue for food at Infosys canteen

      Speaking on how technology can be a great equiliser, Narayana Murthy said, 'It doesn't care whether you are rich or poor, whether you are educated, or not so well educated, as long as you can use the machine.'

    • MC Explainer: Can money saved by banks on lower ATM withdrawals compensate for the lack of MDR on UPI?

      Some fintech executives claim banks save a lot of money on operating ATMs since their use has fallen as customers increasingly adopt digital payments.

    • Viral video shows man withdrawing cash from ATM using UPI: 'Future of fintech'

      UPI ATM: The withdrawal limit is Rs 10,000 per transaction. This will be part of the existing daily UPI limit and as per the limit set by the issuer bank for UPI-ATM transactions.

    • CMS Info Systems: Uninterrupted earnings growth in this cash logistics biz

      The company has consistently delivered good performance since its listing in December 2021. Its revenue has grown in double digits, YoY, in five out of the past six quarters

    • Hitachi Payments to acquire Writer Corporation's cash management business for undisclosed sum

      Writer’s cash management business is over two decades old and has a workforce of 10,000 people at 1,500 locations in 25 states, who service 40,000 touchpoints, including automated teller machines (ATMs).

    • CMS Info System secures 30% ATMs across India, to expand application to 15,000 units this year

    • No direction on loading Rs 2,000 notes in ATMs: FM Nirmala Sitharaman

    • CMS Info Systems: Another good quarter, still available at cheap valuation

    • Watch: This ATM displays your bank balance along with your photo

    • Cow poops, sits inside ATM vestibule as man covers nose and withdraws money | Watch

    • Chennai woman dumps gold worth Rs 15 lakh in ATM's bin. She was sleepwalking, say parents

    • ATM dispenses 5 times extra cash in Maharashtra; people rush to withdraw money

    • PNB earns over Rs 645 crore through ATM transaction charges in Financial Year 2022

    • Thieves use crane to dig out ATM in Maharashtra. Crazy footage is viral

    • AGS Transact Tech: Future looks bright despite soft quarter

    • IPO-bound India1 Payments aims to deploy 20,000 ATMs in next 4-5 years

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