Automated teller machine

An automated teller machine is an electronic terminal that lets bank customers perform basic transactions without a teller, typically using a payment card and personal identification number.

Personal identification number: A numeric code used to verify a person's identity during an electronic transaction. The PIN is commonly checked alongside a card before an ATM authorizes a transaction.
Cash withdrawal: The removal of physical money from a bank account or other financial account. Withdrawing cash is the defining service most associated with ATMs.
John Shepherd-Barron: A British inventor associated with the development of an early cash-dispensing machine. Shepherd-Barron led the team behind the machine installed at Barclays in 1967.
Branch banking: Banking services delivered through staffed physical locations operated by a financial institution. ATMs moved routine transactions outside staffed branches and expanded service hours.
Online banking: Banking services accessed through internet-connected computers or mobile devices. Online banking handles many account tasks remotely but generally cannot dispense physical cash.
Automated teller machine network: A system connecting ATMs to financial institutions and transaction-processing services. Network connections let an ATM reach the bank holding the customer's account.
Cash deposit: The placement of physical currency into a financial account. Deposit-taking ATMs extend self-service banking beyond dispensing money.
Barclays: A British multinational bank founded in 1690. Barclays installed the first widely recognized cash machine in Enfield, London, in 1967.
Financial inclusion: Access to useful and affordable financial services for individuals and businesses. ATM availability can make basic banking access easier where branches are limited.
Mobile banking: Banking services accessed through an application on a mobile device. Mobile banking offers account access without an ATM, while cash access may still require one.

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