How ATM Transactions Work

  • ATM card is entered into the ATM – PIN is entered – Amount is entered for withdrawal
  • ATM dials the appropriate network (Star, Presto, Plus, Cirrus, etc.)
  • The appropriate network then contacts the customer’s financial institution to verify funds
  • If approved, the amount requested plus any surcharge is debited from the customer’s account
  • The transaction is processed through the Federal Reserve’s automated clearing house (ACH)
  • The surcharge and the amount withdrawn are electronically deposited in the owner of the ATM’s account

ATM Connections Methods

ATM Connections Methods

There are 5 options:

> 5 Seconds
Direct Ethernet via TCP/IP &
wireless connection via TCP/IPIf ATM is TCP/IP capable – just Internet
connection fee
> Wireless ConnectionWireless cell connection – box is $250 + monthly service fee of $14.99; or rent for $24.99 per month
Transactions
> 10-15 Seconds
Wireless connection via dial-up
Wireless cell connection – box is $250 + monthly service fee of $14.99; or rent for $24.99 per month
Transactions
> 15-20 Seconds
Standard dial-up and Ethernet converter
Dial-up – No encryption fee, just need to pay for phone line
> Ethernet Converter
Ethernet converter box – $200, no phone line fee (can use existing Ethernet connection)
Transactions
Google Rating
4.9