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In the early 1970’s, Citibank of New York City became one of the first finan
In the early 1970’s, Citibank of New York City became one of the first finan
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2023-12-24
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In the early 1970’s, Citibank of New York City became one of the first financial institutions to install ATM’s on a large scale. Since then, the【C1】______of automated teller machines has increased dramatically. At the time, the bank hoped【C2】______their operating costs by replacing human tellers with machines. Little did they【C3】______that the cash machines would become so successful. However, as more banks added【C4】______automated service through ATM’s, the machines mushroomed all over the world.
To use an ATM, all you need is a【C5】______issued by your bank. Your bank may also【C6】______through a credit card, such as MasterCard or Visa. To begin a【C7】______, you need to insert the card into an ATM and punch in a personal identification number on the【C8】______. The personal ID number may consist of【C9】______and can prevent anyone from using the card.
The ATM next flashes instructions on its【C10】______for carrying out transaction. To get cash, for example, you are instructed to【C11】______that indicate whether the money should be withdrawn from a checking or a savings account and the【C12】______. This request is then displayed on the screen. After you press a button to【C13】______that the information is correct, the ATM goes to【C14】______.
How safe, you may ask, is banking by ATM? The【C15】______is meant to prevent anyone, no matter who you are, from using a cash card【C16】______. If you enter the wrong ID number for a card, a message on the screen will【C17】______. If you fail to produce the correct number for three times, most machines will【C18】______.As another precaution against【C19】______, the bank generally limits the amount that may be withdrawn by cash card【C20】______, say, to $ 200. [br] 【C10】
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