What technology is commonly used in automated teller machines (ATMs)? 🔊
The technology commonly used in automated teller machines (ATMs) is card reader technology integrated with secure networks. ATMs utilize card readers to authenticate users through magnetic stripe or EMV chip technology, ensuring secure transactions. Coupled with software for transaction processing and encryption to protect user data, ATMs provide services ranging from cash withdrawal to balance inquiries. Additionally, remote management systems allow financial institutions to monitor and maintain ATMs efficiently, enhancing user convenience and operational reliability.
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