Automated Teller Machine (ATM)

An automated teller machine (ATM) is a device that allows for the withdrawal of cash without the need of a human teller or cashier.

Related Terms

  • ACH Debit

    An ACH debit occurs when the receiver’s account is debited.

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  • IVR (Integrated Voice Response)

    Integrated voice response or integrated voice recognition are payment systems that use the telephone to automate the capture of transactional information from a payer. Payers may either...

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