- ATM
- Automated Teller Machine (ATM)A computer terminal for user initiated banking transactions. American Banker Glossary————Computer-controlled terminal located on the premises of financial institutions or elsewhere, though which customers may make deposits, withdrawals or other transactions as they would through a bank teller. Other terms sometimes used to describe such terminals are customer-bank communications terminal (CBCT) and remote service unit (RSU). Groups of banks sometimes share ATMs. Sometimes called Automated Banking Machines. Bloomberg Financial Dictionary————Asynchronous Transfer Mode; the international standard for cell relay in which multiple service types (such as voice, video, or data) are conveyed in fixed-length (53-byte) cells. Fixed-length cells allow cell processing to occur in hardware, thereby reducing transit delays. ATM is designed to take advantage of high-speed transmission media. Chicago Mercantile Exchange Glossary
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US /ˌeɪtiːˈem/ noun► [C] BANKING ABBREVIATION for automated/automatic teller machine: a machine, usually outside a bank, which customers can use to get money out or manage their account by using a plastic card together with a PIN (= a secret number): »an ATM card/machine
ATM charges/transactions/withdrawals »Most banks now offer free ATM transactions.
→ See also CASH DISPENSER(Cf. ↑cash dispenser), CASH MACHINE(Cf. ↑cash machine), CASHPOINT™(Cf. ↑Cashpoint™)► [U] IT ABBREVIATION for Asynchronous Transfer Mode: a way of sending data from one computer to another
Financial and business terms. 2012.
