Automated Teller Machine (ATM)
An Automated Teller Machine (ATM) is an electronic banking device that allows customers to perform financial transactions without the need for direct interaction with bank staff. ATMs provide convenient access to services such as cash withdrawals, deposits, account balance inquiries, fund transfers, and bill payments, making banking more accessible and efficient. The widespread adoption of ATMs has transformed the banking landscape by offering round-the-clock service, reducing the workload on bank branches, and improving customer satisfaction. Technological advancements, including enhanced security features like biometric authentication, cardless transactions, and integration with mobile banking applications, have further strengthened the role of ATMs in modern financial services. The ATM network continues to expand globally, supporting both urban and rural banking needs and contributing to financial inclusion initiatives by reaching underserved populations.