Do you mean the machine that gives you money from the bank with your card? If so then its called an "Automated Teller Machine". If you have a debit or credit card, you put it in the machine and put in your PIN (personal identification number) and select what you want to do (withdrawal, transfer or deposit money). It will do the same thing that a live teller would do for you but it keeps the cost of the banks down because they can work 24/7 and they can go anywhere.
If you are meaning something else, then I don't know. Your question was a bit vague and that is the only thing that I could come up with.
2006-09-05 02:02:04
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answer #1
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answered by brittme 5
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Visit the www.wikipedia.com, it is an free encyclopedia. There you can find detailed information about ATM.
An automated teller machine or automatic teller machine (ATM) is an computerized telecommunications device that allows a financial institution's customers a secure method of performing financial transactions in a public space without the need for a human bank teller (or cashier in the UK) or a clerk.
Using an ATM, customers can access their bank accounts in order to make cash withdrawals (or credit card cash advances) and check their account balances. Many ATMs also allow people to deposit cash or cheques, transfer money between their bank accounts, pay bills, or purchase goods and services.
An ATM is also known, in English, as an Automated Banking Machine or Bank Machine (Canada), Bancomat (Central Europe, Eastern Europe, Italy, and Switzerland), Automat (Europe), Minibank (Norway), Bankomat (Sweden), Cashpoint (New Zealand and United Kingdom), Cash Machine (United Kingdom), Hole-in-the-wall (Australian, UK slang) or MAC (certain United States areas).
2006-09-05 09:01:26
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answer #2
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answered by nmakhmud 1
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Asynchronous Transfer Mode Switching
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Asynchronous Transfer Mode (ATM) is an International Telecommunication Union-Telecommunications Standards Section (ITU-T) standard for cell relay wherein information for multiple service types, such as voice, video, or data, is conveyed in small, fixed-size cells. ATM networks are connection-oriented. This chapter provides summaries of ATM protocols, services, and operation. Figure 27-1 illustrates a private ATM network and a public ATM network carrying voice, video, and data traffic.
this is a vast topic, details of which can be had here :
http://www.cisco.com/univercd/cc/td/doc/cisintwk/ito_doc/atm.htm
2006-09-05 09:03:18
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answer #3
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answered by Anonymous
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atm - any time money ... actual meaning is automated teller machine
2006-09-05 09:01:30
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answer #4
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answered by venky_mettur 1
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