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Below are the steps as to how to perform a transaction in an ATM:
- Customer visits the ATM and inserts his card into the machine
- ATM reads the magnetic stripe to identify the user
- ATM prompts the user to enter his identification pin number
- If the user enters an incorrect pin, the transaction is cancelled and the card is returned
- If the user enters the correct pin, the machine shows him a menu of operations like withdrawal, deposit, balance inquiry etc.
- User chooses his option - Ex: Withdraw cash
- Machine connects to the bank database to check if the user has sufficient balance in his account to successfully complete the withdrawal transaction
- If so, the machine dispenses cash that the user asked for
- Machine updates users account with the withdrawal and updates the balance accordingly
- Machine returns the card and a receipt advise on the transaction just performed
- User takes his card and leaves the ATM
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∙ 13y ago
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What is the uses of ATM?
You can Deposit Transact money in or out or your bank account by sliding a credit card
When was TransACT created?
TransACT was created in 2001.
How you make a sentence using the word transact?
Let us transact. <><><> I went into the bank to transact business with the manager.
What is the symbol for TransAct Technologies Incorporated in NASDAQ?
The symbol for TransAct Technologies Incorporated in NASDAQ is: TACT.
In what year did TransAct Technologies Incorporated - TACT - have its IPO?
TransAct Technologies Incorporated (TACT) had its IPO in 1996.
What type of product is Transact?
Transact is a pain relief product. It comes in the form of a patch and lasts for 12 hours. As Transact contains an anti-inflammatory the patch is especially good for joint and muscle pain.
What is the root word for transact?
The root word for "transact" is "act," which means to do something or carry out an action. The prefix "trans-" means "across" or "beyond," so when combined with "act," it forms the word "transact," meaning to carry out a process or deal across or beyond a specific context.
What is the market cap for TransAct Technologies Incorporated TACT?
As of July 2014, the market cap for TransAct Technologies Incorporated (TACT) is $81,876,576.65.
What is a noun for transact?
The noun form is transaction.
How do you use the word transact in a sentence?
I don't know but transact means to carry on or conduct (business, negotiations, activites, etc.) to a conclusion ir settlement.
Can you write a sentence with the word transact?
Of course you can. Except I have know idea what that word means. Sorry. But you can write a sentence using transact. I mean I've heard of the word before, but I don't know what it means. You have to transact business in the bank during their business hours, 9am-5pm.
What is a ATM charge?
An ATM charge is when you are using an ATM that is not the ATM of your bank' company. Therefore, they charge you for it
