Answer to Question #226156 in Management for Emy

Question

Automated Teller Machine is one of the information systems serving the banking industry.
Please list and explain at least three components of ATM as an information system

Answer 1

Card Reader. This reads account information that is stored on a magnetic strip, the one that you always see on credit and debit cards. The data retrieved is passed on to a host processor, which in turn is able to interpret the information and retrieve the customer’s account information.

Keypad. This allows customers to input the information they need to give. It lets them input their personal identification or pin code, select what type of transaction they want to make, and generally communicate with the ATM software.

Display screen. Like any computer, this allows customers to see each step of the process or transaction they are doing.

Speaker. This allows the customer to hear when keys are being pressed on the keypad, but it may also allow for additional voice features on certain ATMs.

Receipt printer. Although much of the process of an ATM is digital, printed receipts are requested by many or most ATM customers. This ATM part makes this possible.

Cash dispenser. The main purpose of an ATM is for a customer to acquire cash, so of course this is the most important part. The cash dispenser is a pivotal part and a part that is highly sophisticated.