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The PDQ machine is used when a purchase involves a credit card or a debit card. A customer will swipe their card and then follow the instructions on the PDQ device to complete the transaction.

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12y ago

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What did a ATM machine do?

performs the functions of a telleridentify customerverify validity of accountreport balancesperform transactionscount cashinteract with bank's central computeretc.


Why need of automated teller machine?

An Automated Teller Machine or an ATM as it is commonly called is a machine that provides banking functions to customers. It is needed because: 1. Not all bank branches are open on all days of the week 2. Customers may need banking functions even on holidays and weekends 3. Customers may not be in a position to visit the bank everytime they want to withdraw or deposit money So, the ATMs help banks to provide banking services to their customers 24*7 on all 365 days of the year.


What is the functions of an ATM?

The objective of an ATM machine is to provide Anytime or Automated Banking services to the bank customers without the customer having to make a trip to the bank. Some of the services an ATM provide are:Cash withdrawalAccept DepositsIssue Balance StatementsPre-paid mobile rechargeMoney TransferBuying InsuranceEtc.


Whats Visa's verification code?

Visa verification Code is different from the card verification code/value which is the last three last digits behind the card (as in 4563 523- 523 is the cvc or cvv). For more secure and advanced practises ther is the introduction of 'chip and pin' which requires the customer to key in a secret code after their card has been run on a pdq(process data quickly) machine. Not all card issuers though have taken into it.


What is the overhead component of product cost?

an estimated amount based on labor hours, machine hours, or some other activity.