ATMs and smart cards

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What are the two input devises on an ATM?
Card reader and Keypad
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What are the input devises on an ATM used for?
The Card reader captures the infomation that is stored on the user's card, on the magnetic stripe. The keypad lets the user type in their PIN number or to select what kind of transaction is required.
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What are the three output devises on an ATM?
Display screen, Receipt printer and Cash dispenser
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What are the three output devises on an ATM used for?
The display screen takes the user through each step of the transaction . The receipt printer provides the user with a receipt of the transaction. The cash dispenser out puts the cash ( the heart of the ATM is a cash safe)
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What kind of services are offered by an AMT?
Withdrawing cash, ordering a cheque book, ordering a bank statement, finding out account balance, printing a mini statement, changing your PIN, paying bills and topping up mobiles.
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What are the advantages of using an ATM?
the user doesn't have to belong to a particular bank, banks can employ fewer people, it offers felxibility 'anytime, anywhere', the customer can only access the money if they have sufficient funds, there is no need to carry as much cash, it is secure
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What kind of software does an ATM use to to keep infomation safe?
Encryption software
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Why were chip and pin cards introduced over magnetic stripe cards?
Magnetic stripe cards were too easy to hack and it could be done with fairly simple equipment.
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What are the two advantages of a chip and pin card, were infomation is stored on a microchip?
The chip can store more infomation and it is more secure.
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Other cards in this set

Card 2

Front

What are the input devises on an ATM used for?

Back

The Card reader captures the infomation that is stored on the user's card, on the magnetic stripe. The keypad lets the user type in their PIN number or to select what kind of transaction is required.

Card 3

Front

What are the three output devises on an ATM?

Back

Preview of the front of card 3

Card 4

Front

What are the three output devises on an ATM used for?

Back

Preview of the front of card 4

Card 5

Front

What kind of services are offered by an AMT?

Back

Preview of the front of card 5
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