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FORMS OF PAYMENT
CONTENT
- Automated Teller Machine (ATM)
- Western Union Money Transfer
- Moneygram
- The Computer and the Bank
- E-banking
The Automated Teller Machine (ATM)
The automated teller machine (ATM) or automated banking machine is a computerised telecommunication device that provides clients of financial institutions with access to financial services in a public area without the need of seeing a cashier, human clerk or bank teller. With most ATMs, the customer is identified using a plastic smart card that incorporates a chip containing a unique card number and some security data. Authorisation to use the service is provided by the customer entering personal identification number (pin).
Using an ATM a customer can access their bank accounts in order to;
- Make cash withdrawals.
- Make credit cash advances.
- Check their account balances.
- Request an account statement.
- Purchase prepaid cell phone credit.
- Obtain local currency when abroad.
Western Union Money Transfer
The Western Union Company is a financial services and communication company based in the United States.
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