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Understanding the Pros and Cons of ATM Usage

Discover the benefits and drawbacks of using ATMs for both customers and banks. Easily access cash at any time with ATM convenience, but watch out for risks like card recognition issues and security breaches. Learn more here!

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Understanding the Pros and Cons of ATM Usage

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  1. Group 6: People and Machines by Ye Eun and Katharine

  2. What are the benefits of ATMs? To customers?

  3. can have access to the cash in your bank account whenever you need can withdraw cash after the bank hour quick and easy to use Very convenient; don’t have to go all the way to the bank since it’s everywhere (markets, street,mall).

  4. Easy to use!

  5. Who cares about time?

  6. What are the benefits of ATMs? To banks?

  7. Bank can employ fewer people. Cheaper than paying staff Less need to build banks and money could be used elsewhere.

  8. Not many bankers needed.

  9. What are the disadvantages of ATMs? To customers?

  10. Machine may not recognize your credit card For voice recognition, may have failure sometimes (when you have flu) May be no ATMs near by If someone hacks an ATM machine your details may be taken If problem with credit card, you can not withdraw your money

  11. Someone’s watching you!!!!

  12. It’s Broken!  Can’t Use

  13. Can’t recognize voice…

  14. What are the disadvantages of ATMs?To banks?

  15. Bankers have the key can get to the machine whenever they need and steal

  16. Negative Consequences for Bank Employees?

  17. Banks don’t need many bankers  Bankers lose their job

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