Imagine cashing or taking money using the Automated Teller Machine (ATM) and the banking hall, which of these two ways would you prefer.
Classified the two ways above under the forms of information system and explain the merits and demerits of both


Sagot :

Imagine cashing or taking money using the Automated Teller Machine (ATM) and the banking hall, the two ways are When it involves convenience, not anything can beat ATMs.

What are the benefits and drawbacks of the usage of an ATM card?

No credit score allowed: A debit card is related for your financial institution account. There isn't anyt any opportunity of creating any transaction on credit score. All transactions and withdrawals are restricted to the stability to be had for your account. Difficult to dispute fraudulent use: It is less difficult to fraudulently use your debit card.

Automated Teller Machine (ATM) – It is a digital system that is operated with the aid of using clients and lets in acting for monetary transactions consisting of switch funds, coins withdrawals, and deposits. It extensively utilized for acquiring account facts at any time and with out the assist of financial institution staff.

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