ICT3K5/K7 SANKYO CARD READER/WRITER FOR KIOSK/ATM

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ICT3K5/K7 SANKYO CARD READER/WRITER FOR KIOSK/ATM:
$369.00

ICT 3K is the sturdiest and most compact motorized hybrid reader available on the market today. It is highly performing and reliable, with really small dimensions. Complete with anti-vandal and anti-pollution steel full shutter with mechanical switch for recognizing the card width. ICT 3K automatically releases the card in the event of a voltage drop. RS232 and USB interfaces available. Optional SAM module onboard (expandable to 4 external SAM modules). ICT 3K is the ideal solution for internet kiosks, payment systems and self service applications. User?s Guide and demo software demo available. Further information can be obtained from the technical service.

Popularity of ATMs as an Alternative to Branch Banking – An Overview

Since its advent in the 1960s, the popularity and use of Automated Teller Machine (ATM) is growing worldwide. Advancing technology and the decreasing hardware cost allow the banks to deploy more and more ATM kiosks, which ensure positive ROI in banking business. Technically, an ATM is a cash dispenser and it enables bank customers to avail banking services such as performing monetary transactions or withdraw cash without actually visiting the bank. Users can access their accounts using the ATM/Debit card, a specially designed plastic card with a magnetic strip, where the account related information is stored encoded. The card is punched through the Kiosk/ATM card reader slot to perform a transaction. Why Banks Encourage Their Customers in Using ATMs There are several reasons why banks are increasingly encouraging their customers to use ATM kiosks for transactions. The use of ATM leads to reduced cost of infrastructure, resource management, and manpower in the bank branches. Electronic transaction also takes off the work load from bank clerks and they can be more productive in other banking operations that require manual intervention. Use of ATM saves banking time and mitigates the chances of error in transaction entries. ATM usage ensures security, convenience, and ease for customers as well. Customers don’t need to carry cash all the time. Rather they can withdraw cash as and when they need it. It reduces the chance of theft or pick pocket. If the card is stolen the thief cannot use it without the PIN and the customer can immediately block all transactions on the stolen card by calling the bank’s emergency service numbers. ATM Kiosk Components and the Technology behind It The automatic teller machine is a computer terminal with a processor and I/O devices. An ATM kiosk usually contains two input and four output components as part of the system. • Kiosk/ATM card reader that reads the ATM cum debit card for user identification and access control • Keypad for PIN entry • Touch-screen monitor where input options are displayed and user can select an option by touching it • Speaker for audio response to guide users while performing a transaction • Cash dispenser which counts the currency bills and dispenses the exact amount entered by the user • Built-in printer that generates cash receipts/account statements The ATM’s operations are based upon the centralized database system of the bank. The terminal is connected to the bank’s internal network and communicates with the central server through an internet service provider (ISP). Future of ATMs/Kiosks Declining cost of computer chips, microprocessor, and hardware peripherals, and rapid growth in software technology have significantly reduced the cost of ATM kiosk installation and maintenance. On the other hand, optimize usage of ATMs saves precious time for bankers to focus on bigger issues and invent policies to serve customers better. With advanced software applications ATMs are now more user-friendly so that people with least technical knowledge can operate it easily. It leads to widespread acceptance of ATMs as a banking alternative and generates higher ROI for banks and improves customer satisfaction. With extensive networking, added functionality, and enhanced security in electronic transactions, ATMs are expected to continue to serve customers in future. However, with increasing use of automated teller machine, security is of supreme importance in electronic transaction. Hacking and ATM skimming are some of the security risks customers are facing these days. As a result, banks are in the process of strengthening security measures by layering identification and transaction processes. Continuous promotion of awareness programs is another common measure taken by the banks to protect users from ATM security threats.