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What is Understanding ATM and Card Functions about?

This document discusses automated teller machines (ATMs) and different types of cards used for banking. It explains that banks use mainframe computers to store customer account information and operate networks of ATMs. ATMs allow customers to withdraw cash, check balances, and perform other transactions 24/7. The document also describes debit cards, which deduct funds from a linked bank account, and credit cards, which allow purchasing items with deferred payment of bills. Security features like personal id

Author

Sumathi Selvaraj

Language

EN