The Development And Benefit Mechanism Research Of ATM Marketplace

An automated teller machine (ATM) is a computerized telecommunications device that provides the customer of a financial institution with access to financial transactions in a public space without the need for a human clerk or bank teller. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smartcard with a chip, that contains a unique card number and some security information, such as an expiration date or CVC (CVV). Security is provided by the customer entering a personal identification number (PIN). Using an ATM, customers can access their bank accounts in order to make cash withdrawals (or credit card cash advances) and check their account balances as well as purchasing mobile cell phone prepaid credit. The bank of China doesn't realize that we also can achieve incomes by installing ATM just like the USA has done in the past 40 years. I think I have the responsibility to explore and seek out a road for the development of our ATM as a bank employer. This paper first introduces the development process of the developed countries, then sums up the reasons for the high income, then introduces the current situation of China's ATM development, Pointed out the necessity of vigorously developing in China, and finally analysis what are the main constraints of the development of ATM in China.