Cryptocurrency Q&A
How does an ATM work?
How does an ATM work?
GinsengBoostPowerBoostVitality
Sat Oct 26 2024
|
7 answers
2057
I'm curious about the inner workings of an ATM. How does it process transactions, manage cash deposits and withdrawals, and communicate with the bank's system to ensure accurate account balances?
7 answers
CryptoMaven
Mon Oct 28 2024
This information is vital as it links the card to the correct bank account, ensuring accurate transactions.
Was this helpful?
391
83
Silvia
Mon Oct 28 2024
A card reader serves as a crucial component in automated teller machines.
Was this helpful?
233
38
CoinPrince
Mon Oct 28 2024
It functions by reading the information encoded on the chip and magnetic stripe of a card.
Was this helpful?
320
47
CryptoMaven
Sun Oct 27 2024
Once the transaction is approved, the cash dispenser becomes active.
Was this helpful?
352
86
JessicaMiller
Sun Oct 27 2024
Adjacent to the card reader, a keypad is installed for customer interaction.
Was this helpful?
43
89
Load 5 more related questions
