that the introduction of ATM has changed the face of electronic payment in Nigeria. This essay hopes to appraise the advent of ATM driven payment with regard to the present and future. 2.0 ORIGIN OF ATM IN NIGERIA Automated Teller Machines (ATM) was introduced into the Nigerian market in 1989‚ as a matter of fact‚ the very first ATM in Nigeria was installed by National Cash Registers (NCR) for the defunct Societe Generale Bank Nigeria (SGBN) in 1989. 2.1 BANKS AND ATMS Banks in the country are
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ABSTRACT ATM (Automated Teller Machine) is a computerized telecommunications device that provides the clients (Customers) of a financial institution with access to financial transactions in a public space without the need for a cashier‚ human clerk or bank teller. All it needs is an ATM software that manages all these transactions in an efficient manner thereby making them more convenient for the customers and the bank authorities. The software gives planned approach to all the accessible sections
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Requirements document for an automated teller machine network August 5‚ 1996 Contents 1 Introduction 1.1 1.2 1.3 1.4 Purpose : : Scope : : : Overview : De nitions : 2 : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : : 2 2 2 2 2 General Description 2.1
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Automated teller machine 1 Automated teller machine An automated teller machine (ATM)‚ also known as a automated banking machine (ABM) or Cash Machine and by several other names (see below)‚ is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public space without the need for a cashier‚ human clerk or bank teller. On most modern ATMs‚ the customer is identified by inserting a plastic ATM card with a magnetic
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An assessment of the Use of Automated Teller Machines in the banking industry: the Case of CRDB Bank 1. Background of the Study The tremendous growth and development of technological advancement has been the driving force of the market nowadays. The diffusion of the internet has revolutionized the business arena. The use of the Internet is changing high-tech marketing overnight while different industries have been trying to utilise it as part of their marketing approach. It does not only reconfigured
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When automatic teller machines were first installed in the 1980s‚ bank officials promised they would be faster‚ more reliable‚ and less prone to make errors than their human counterparts. A. they would be faster‚ more reliable‚ and less prone to make errors B. they would be faster‚ more reliable‚ and that they would be less prone for making errors C. the machines would be faster‚ more reliable‚ and less prone to make errors D. the machines were faster‚ more reliable‚ and errors would occur
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capabilities and applications. ATMs –Automated Teller Machine ATMs have become the order of the day in banking. Most banks are networking the ATMs. A network of connected ATMs of various banks has resulted in the improvement of customer services. They can effectively reach out a large customer base at low cost. The customers by inserting a plastic card get currency notes from ATMs and their bank balance is revealed through ATMs. When the card is inserted in the ATM‚ the machine identifies the card holder
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Facial Verification Technology for Use In Atm Transactions Aru‚ Okereke Eze‚ Ihekweaba Gozie Department of Computer Engineering Michael Okpara University of Agriculture‚ Umudike‚ Umuahia‚ Abia State‚ Nigeria Opara‚ F.K. Department of Electrical/Electronics Engineering Federal University of Technology‚ Owerri‚ Imo State‚ Nigeria Abstract: There is an urgent need for improving security in banking region. With the birth of the Automatic Teller Machines‚ banking became a lot easier though with
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INSTITUTE OF ACCOUNTANCY ARUSHA (IAA) RESEARCH PROPOSAL [pic] TOPIC: APPLICATION OF ACCOUNTING PACKAGES IN ORGANIZATION (A CASE STUDY OF TROPICAL PESTISIDES RESEARCH INSTITUTE) PREPARED BY: KIURE‚ AMINA JUMAAM (MS) ADA III 2005/2006. SUPERVISED BY: SEKAJINGO‚ ABRAHAM A. RESEARCH PROPOSAL PAPER SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF ADVANCED DIPLOMA IN ACCOUNTANCY (ADA) OF THE INSTITUTE OF ACCOUNTANCY ARUSHA. TABLE OF CONTENT ABSTRACT i CHAPTER
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king‚ ATMs are taking on a greater role in addressing people’s financial needs. Retail Banking Research shows that the number of ATMs are increasing globally and is expected to grow to 3 million by 2015‚ with the majority of the new installations planned in Asia‚ Africa and the Middle East. In the wake of this rapid lionization of ATM’s across the world‚ it is precursory to understand the reasons behind this rising popularity of the Automated Teller Machine(ATM). An ATM is an electronic machine that
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