Atm machine thesis

Atm functions

In Nigeria the deployment of ATM by banks and its use by bank customers is just gaining ground and has burgeoned in recent times. This means working under pressure. Chip card:- This is a card containing one or more computer chips or integrated circuits for identification, data storage or special purpose processing used to validate personal identification numbers, authorize purchases, verify account balances and store personal records. They are the purpose of our business. He is not dependent on us. This was made possible by the identification, collection and review of these literatures from various sources such as text books, journals, reports and the internet. No 3, February, The ATMs should be located in so many places especially busy places for proximity purposes and for reducing the amount of time spent in the queue before accessing the ATM services. A recent survey conducted by Intermarc Consulting Limited revealed that ATM services provided by Nigeria by banks and non-financial institutions stood as the most popular e-business platforms in Nigeria Intermarc Consulting Limited, Thus it saw a huge improvement in the long queuing in most banking halls. No 3, February, 4. They offer considerable benefits to both banks and their depositors. Most Automated Teller Machines are connected to inter bank networks, enabling people to withdraw and deposit money from machines not belonging to the bank where they have their account or in the country where their accounts are held thus enabling cash withdrawals in local currency Maxwell, They offer considerable benefits to both banks and their depositors.

Constant and consistent checkups must be done on these ATM machines in order to avoid network or machine break downs and any other possible problems that may inconvenience the users. Increased customer expectations have created a competitive climate whereby the quality of the relationship between the customer and bank has taken on a greater significance in some cases than the product itself Musiime and Biyaki, No 3, February, The impact of Automated Teller Machine cannot be ignored if meaningful goals and objectives are expected to be achieved Balunywa, He is the purpose for it.

Atm service

Historically, a power tool also required moving parts to classify as a machine Balunywa, Despite of all the merits of the ATMs, customers still complaint of shortfalls on the use of the system such as; break downs of ATMs, long queues at ATM service points, retention of customers cards, limited knowledge on the use of ATM cards, fraudulent transactions and its operation in just a few languages. This is in agreement with the explanation in chapter 2. To prevent unauthorized transactions, a personal identification number PIN must also be used by the user using a keypad. An overdraw account is a running account where drawing and deposits are made. In addition, by automating services that were previously completed manually, ATMs reduce the costs of servicing some depositors of demand. Vinatec Ict Global from delta state polytechnic, ogwashi -uku said "good,". Effective Very effective In effective Very ineffective b Costs associated with deposit and withdrawal? Cacioppo, K. If yes, why do you desire more branches be created? Increased customer expectations have created a competitive climate whereby the quality of the relationship between the customer and bank has taken on a greater significance in some cases than the product itself Musiime and Biyaki, Ganesh et al. View point Issue This electronic value can be purchase and held on the device until reduced through purchase or transfer. In conclusion, it can be said that both male and female now hold an account to near equal terms, are aware of the existence of Automated Teller Machine services as well as all possesses an ATM card and uses it.

Agboola reported thatalthough only a bank had an ATM inbyfourteen of them had acquired the technology. The research is equally significant because it would provide answers to factors militating against the operation of Automated Teller Machine ATM in United Bank for Africa this work would also be useful to student, scholars and researchers who may wish to undertake a similar study as they will use it as springboard to their own work.

Table 4.

features of atm

Ganesh, J. This was overcome through concentration and dedication on the part of the researcher coupled with the willingness on the supervisor who is always there to play his role too diligently.

The Business Publishing Group, 2nd edition, 1 2.

working principle of atm machine pdf

The formal method is when the questionnaire and personal interview system were used and the respondents were aware of the fact that their answers were for a purpose. Yes 23 An overdraft account is a running account where drawing and deposits are made.

atm machines

However more improvement needs to be done so as to satisfy the few others who were not in agreement so as to retain them.

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