What does ATM Stand for ?
20 Nov 06
An automated teller machine or automatic teller machine (ATM) is a computerized telecommunications device that provides a financial institution's customers a secure method of performing financial transactions in a public space without the need for a human clerk or bank teller. An ATM is also known, in English, as Automated Banking Machine, Money machine, Bank Machine (Canada), Cash Machine (UK), or Cashpoint (New Zealand, UK). Despite the wide usage of the term "ATM Machine", the word "machine" is redundant.