1. A card activated cash dispensing automated banking machine comprising: a housing; a card reader, a cash dispenser, and at least one computer in supporting connection with the housing; at least one transaction software component operative to execute in the at least one computer, wherein the at least one transaction software component includes at least one function that is operative to cause at least one of the card reader and the cash dispenser to operate, wherein the at least one computer is operative to carry out the at least one function of the at least one transaction software component response to the at least one computer authenticating license information associated with the at least one transaction software component, wherein the license information includes an expiration date; wherein the at least one computer is operative to determine a first system date which corresponds to a current system date of the at least one computer, wherein the at least one computer is operative to determine a second system date which corresponds to a current system date after determining the first system date, wherein the at least one computer is operative to enable the at least one function of the at least one transaction software component to be carried out responsive to a determination by the at least one computer that the second system date is later in time than the first system date.