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    Smart Card and ATM

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    Jemy Jose
    ATMs and smart cards are technologies that apply computer and telecommunication capabilities to banking services. [1] ATMs allow customers to access their bank accounts 24/7 to withdraw cash, check balances, and perform other transactions using their magnetic stripe debit or credit cards and PIN numbers. [2] Smart cards have embedded integrated circuit chips that can store information and enable secure online purchases and identity verification. They provide enhanced security over magnetic stripe cards. [3] Both technologies deliver convenient banking services directly to customers.

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    Smart Card and ATM

    Uploaded by

    Jemy Jose
    156 views14 pages
    ATMs and smart cards are technologies that apply computer and telecommunication capabilities to banking services. [1] ATMs allow customers to access their bank accounts 24/7 to withdraw cash, check balances, and perform other transactions using their magnetic stripe debit or credit cards and PIN numbers. [2] Smart cards have embedded integrated circuit chips that can store information and enable secure online purchases and identity verification. They provide enhanced security over magnetic stripe cards. [3] Both technologies deliver convenient banking services directly to customers.

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    a brief description about ATM and smart card

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    smart card and ATM

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    ATMs and smart cards are technologies that apply computer and telecommunication capabilities to banking services. [1] ATMs allow customers to access their bank accounts 24/7 to withdraw cash, check balances, and perform other transactions using their magnetic stripe debit or credit cards and PIN numbers. [2] Smart cards have embedded integrated circuit chips that can store information and enable secure online purchases and identity verification. They provide enhanced security over magnetic stripe cards. [3] Both technologies deliver convenient banking services directly to customers.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    156 views14 pages

    Smart Card and ATM

    Uploaded by

    Jemy Jose
    ATMs and smart cards are technologies that apply computer and telecommunication capabilities to banking services. [1] ATMs allow customers to access their bank accounts 24/7 to withdraw cash, check balances, and perform other transactions using their magnetic stripe debit or credit cards and PIN numbers. [2] Smart cards have embedded integrated circuit chips that can store information and enable secure online purchases and identity verification. They provide enhanced security over magnetic stripe cards. [3] Both technologies deliver convenient banking services directly to customers.

    Copyright:

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    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
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    ATMs and Smart cards

    By Jemy jose
    Mgt 0905420
    IMK KOLLAM
    introduction
     Technology has opened up new markets, new
    products, new services and efficient delivery
    channels for the banking industry
    ATM and SMART card are two of the retail
    financial services
    These services are the application of computer
    and telecommunication technology in making the
    process easier for common man
    Background….
    The introduction of the first automated teller
    machine (ATM) in the mid-1960s.
    This powerful and convenient machine is
    invented by Don Wetzel a worker for the
    Docutel Company in Dallas, Texas in 1960s
    The ATM was able to handle account transfers,
    accept deposits, and dispense cash using a
    standard magnetic stripe card and personal
    identification number (PIN).
    Automatic teller machine(ATM)?
    Automatic teller machine (ATM)or
    automatic banking machine (ABM) is a
    computerised automated
    telecommunications device that provides
    the clients of a financial institution with
    access to financial transactions in a public
    space without the need for a cashier, human
    clerk or bank teller
    ATMs are a source of easily accessible cash
    It is an easy, convenient way to access your
    account from almost anywhere
    The customer can have it money transaction
    24/7
    The customers can access their
    bankaccounts in order to make 
    cashwithdrawals and check their account
    In ATMs, the customer identifies him or herself by inserting a
    plastic card with a magnetic stripe
    An ATM card also known as a bank card, client card, key card or
    cash card
    It is a card issued by a bank that can be used at an ATM for
    deposits, withdrawals, account information, and other types of
    transactions, often through interbank networks
    Many ATMs also allow people to deposit cash , transfer money
    between their bank accounts, pay bills, or purchase goods and
    services
    Other types of transactions through telephone or online banking may
    be performed with an ATM card . This includes account balance
    inquiries , electronic bill payments  or in some cases, online
    purchases
    How to Use ATM?
    Insert your ATM Card into the machine.
    Select a language.
    Enter your PIN (Personal Identification Number), then press Enter.
    Select a transaction.
    Deposit money. If you want to deposit (put in) money:
    Enter the amount you will deposit. Confirm the amount.
    Insert the envelope into the deposit slot when the machine opens it. Note
    that some ATMs will not allow you to deposit money. In this case, you need
    to find one at a branch.
    Withdraw money. If you want to withdraw (take out) money, select or enter
    the amount to withdraw
    Choose whether to do an additional transaction.
    Choose whether you want a receipt, select Yes or No.
    Wait while the system processes your transaction(s).
    When the machine beeps at you, take your card, cash, and receipts
    Why smart card?
    The driving factors of the growing interest in smart
    cards include
     the declining cost of smart cards
     The storage capacity of ATM card is less
     the growing concern that magnetic stripe cards can
    not provide the protections necessary to thwart
    fraud and security breaches.
    This security issue alone may propel smart card
    technology to the forefront of business transactions
    Smart Card?
    A smart card, chip card, or integrated circuit
    card (ICC), is any pocket-sized card with
    embedded integrated circuits chips
    Microprocessor cards can store information, carry
    out local processing on the data stored, and
    perform complex calculations.
    These cards take the form of either “contact”
    cards which require a card reader or “contactless”
    cards which use radio frequency signals to operate
    It can enable customers make purchases on the
    Internet
    to work from home or while on the road with
    the aid of lap-top computers
    access home entertainment via set-top boxes.
    Each smart card has an integrated circuit chip
    embedded into it, which gives it the power to
    perform many different functions.
    Financial application
    Some of the most common smart card
    applications today include:
    *Credit.
    *Debit.
    *Electronic cash.
    *Electronic ticketing.
    *Secure identification.
    *Driver's licence.
    *Health record.
    Information Security
    • Employee access card with secured passwords and the potential to
    employ biometrics to protect access to computer systems.
    Transportation
    • Drivers Licenses.
    • Mass Transit Fare Collection Systems.
    • Electronic Toll Collection Systems.

    University Identification
    • All-purpose student ID card, containing a variety of applications such as
    electronic purse (for vending and laundry machines), library card, and
    meal card.
    .

    Communications Applications
    • The secure initiation of calls and identification of caller (for billing purposes)
    on any Global System for Mobile Communications (GSM) phone.
    •Government Programs
    • Electronic Benefits Transfer using smart cards to carry Food Stamp and WIC
    food benefits in lieu of paper coupons and vouchers.
    • Agricultural producer smart marketing card to track quotas.
    Thank You

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