How does ATM dispense cash?
2020-09-11
ATM (Automatic Teller Machine) is a banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting cash (in cases of ATM Depositing) or debit /credit card that contain the user's account number and PIN on a magnetic stripe (for cash withdrawals)
In a cash withdrawal transaction, once your PIN is verified and there is sufficient balance in your account, the switch sends an instruction to the ATM to dispense the amount requested. ... The currency notes inside the ATM are stacked in boxes called 'cassettes'. Each cassette is loaded with one denomination.
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