"Automated Teller Machine" Essays and Research Papers

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Automated Teller Machine

An assessment of the Use of Automated Teller Machines in the banking industry: the Case of CRDB Bank 1. Background of the Study The tremendous growth and development of technological advancement has been the driving force of the market nowadays. The diffusion of the internet has revolutionized the business arena.  The use of the Internet is changing high-tech marketing overnight while different industries have been trying to utilise it as part of their marketing approach. It does not only reconfigured...

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Automated Teller Machine (Atm) in Nigeria: the Present, the Future.

no contesting the fact that the introduction of ATM has changed the face of electronic payment in Nigeria. This essay hopes to appraise the advent of ATM driven payment with regard to the present and future. 2.0 ORIGIN OF ATM IN NIGERIA Automated Teller Machines (ATM) was introduced into the Nigerian market in 1989, as a matter of fact, the very first ATM in Nigeria was installed by National Cash Registers (NCR) for the defunct Societe Generale Bank Nigeria (SGBN) in 1989. 2.1 BANKS AND ATMS ...

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Atm History

ATMs are now a routine part of banking transactions but when they were introduced in the 1960s, they were the height of technology. The Automated Teller Machine (ATM) is now such a normal part of daily life that it's strange to think it was ever cutting-edge technology. But in the 1960s, when the first cash-dispensing ATM was installed at a branch of Barclays Bank in London, it was revolutionary. What's more, over the decades, ATMs have become much more than just cash dispensers. They also allow...

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MIS Assignment 2

continuous learning curve. Banks have shown the new view of experience curve. Banks usually catered for customers who would go to the bank to make their withdrawals. This meant that customers could only withdraw money during normal working hours. Automated teller machines were then introduced and customers could withdraw cash outside working hours. Electronic Funds Transfer at Point of Sale was also introduced. This ensured immediate value on payments for goods and services. This was however not convenient...

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Diebold Inc. did not worry much about international business. As a premier name in bank vaults and then automated teller machines (ATMs), the Ohio‐based company found that it had its hands full focusing on U.S. financial institutions. By the 1970s and 1980s, the company’s growth was driven by the rapid acceptance of ATM in the United States. The company first started to sell ATM machines in foreign markets in the 1980s. Wary of going it alone, Diebold forged a distribution agreement with the...

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Woking Capital Management in Organisation

of sizes, from large global banks to regional and community banks. Global banks are involved in international lending and foreign currency trading, in addition to the more typical banking services. Regional banks have numerous branches and automated teller machine (ATM) locations throughout a multi-state area that provide banking services to individuals. Banks have become more oriented toward marketing and sales. As a result, employees need to know about all types of products and services offered...

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Ict in Banking

also no longer needs to go to the bank to take out money. Cash machines mean that people can take out money without having to visit the bank. Cheques have also changed due to ICT. Cheques can now be cleared easier and quicker through the use of Magnetic Ink Character Recognition (MICR). Extensive use of ICT in Banks: • Magnetic Ink Character Recognition (MICR) • Bankers' Automated Clearing Services (BACS) • Automated Teller Machines (ATM) • Electronic Funds Transfer at Point of Sale (EFTPOS)...

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Information Technology Act Paper

inappropriate material. (Electronic Funds Transfer, 1978) The Electronic Funds Act was put in place to protect consumers who transferred or shifted money using electronic means. Electronic methods include the use of credit, or debit cards, automated teller machines, and automatic withdrawals. The Act also restricts the responsibility the consumer would have in matter like a stolen debit card (Investopedia, 2013). A person’s financial institution is liable to give him, or her disclosure on you Electronic...

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corporation always focused their energies towards the ever changing market. They did lots of research and found out clients were no longer wanting to visit a bank on a daily bases to access their funds. This is when Citibank invented the Automated Teller Machine. (ATM) The ATM invention changed the standards for banks to follow. Not before long all banks were beginning to offer this service to their clients and even better, for free. As the clients demanded convenience, Citibank provided this...

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case study

access to a financial institution's services. Services provided by a branch include cash withdrawals and deposits from a demand account with a bank teller, financial advice through a specialist, safe deposit box rentals, bureau de change, insurance sales (where it is allowed by law), etc. In the early 21st century, features such as automated teller machines (ATM), telephone and online banking, allow customers to bank from remote locations and after business hours. This has caused financial institutions...

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