82ad790e_and_Merchant_Services_Glossary__Definition
[Term] Automated Teller Machine (ATM) [Definition] 
An unattended computer terminal that performs basic teller functions: dispensing cash, accepting deposits, cashing checks, accepting loan payments, and enabling a bank customer to order transfers among accounts and make account inquiries. Barclay’s Bank in the United Kingdom deployed the first ATM as a cash dispenser in June 1967. Chemical Bank deployed the first U.S. ATM in 1969 at its branch in Rockville Centre, N.Y. Some machines have more functions and also sell products such as postage stamps, while others are limited-function cash dispensers only. Recently ATMs have been used to image checks thereby automating the check deposit process as well as dispensing prepaid/gift cards.
Credit Card Processing and Merchant Services Glossary
Definition