Micro ATM ( Business Correspondence )
Micro ATM is a mini version of an ATM. Micro ATMs are like modified point of sales terminals these terminal can connect to banking network via GPRS to perform banking transactions. This machine contains card swipe. These machines are carried by bank representative at remote/mobile locations. These machines are handy and not capable of keeping any cash. The cash is carried by the bank representative along with him/her. He/She is also responsible for collecting a cash and depositing it user account.
Working of Micro ATM is similar to normal ATM machine.
- On successful transaction, a message will be displayed on the screen and print receipt is generated.
- You will also get SMS alert from your bank about the transaction.
What are the benefits of using Micro ATM?
- One can extend banking services anywhere in the remote area using Micro ATM
- It is a low cost option for the existing ATM
- Micro ATM is portable device
- Easy to carry, easy to setup anywhere in the remote area
- Interoperable device and can work for any bank
- Useful to help people during demonetization process