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ATM BANKING WORLD

  


BARCLAYS BANK IN UK WAS THE FIRST TO INSTALL CASH DISPENSERS IN JUNE 1967.THE MACHINE DID NOT HAVE MAGNETIC CARDS, THE CUSTOMER WAS ISSUED PAPER VOUCHERS. WHICH WERE FED INTO MACHINE THE MACHINE RETAINED THE VOUCHER & DISPENSED A SINGLE 10 NOTES, WITHIN A YEAR OF BARCLAYS INTRODUCTION OF CASH DISPENSERS, THERE WERE MACHINES INSTALLED IN FRANCE, SWEDEN & SWITZERLAND, IN  1967, BOTH THE USA AND JAPAN INSTALLED THEIR FIRST MACHINES, THESE MACHINES WERE OFFLINE AND WERE FAIRLY UNRELIABLE, BESIDE THIS THE CUSTOMER WHO WANTED MORE THAN 10 HAD TO USE MORE THAN  ONE CARD.

 


 
THE NEXT BREAKTHROUGH IN TECHNOLOGY TOOK PLACE IN 1972 WHEN LLOYD BANK IN UK. INSTALLED THE FIRST ONLINE “CASH POINT “MACHINES DEVELOPED BY IBM. THESE MACHINES USED PLASTIC CARDS WITH A MAGNETIC STRIPE, WHICH IDENTIFIED COSTUMED ACCOUNTING. THESE MACHINES WERE CHEAPER TO OPERATE AND MORE RELIABLE THAN THE OLD OFFLINE MACHINES, IN MID -1970, BOTH AMERICAN AND JAPANESE MANUFACTURERS EXTENDED THE SELF –SERVICES MACHINES. IN MID-1970 BOTH AMERICAN AND JAPANESE MANUFACTURES EXTENDED THE SELF – SERVICES MACHINES BEYOND THE IDEA OF JUST A DEVICE THAT DISPENSED CASH TO ONE THAT OFFERED A WHOLE OF OTHER SERVICES THE AUTOMATED TELLER MACHINES EMERGED, HOWEVER IT WAS MORE THAN A DECADE AFTER THESE INNOVATIONS IN THESE MID 1980dsTHAT CASH DISPENSERS TRULY BECAME A WOULD WIDE PHENOMENON IT TOOK 16 YEAR FOR THE FIRST 1,00,000 CASH DISPENSERS TO BE INSTALLED BUT ONLY FOUR YEARS MORE  FOR THE NEXT 1,00,000,
THE TOTAL NUMBER OF ATM IN THE WORLD TODAY CAN BE ROUGHLY TO BE AROUND 9,50 TO 10.0. LACK THERE ARE MORE THAN 10 PROMINENT MANUFACTURE  OF ATM IN THE WORLDS NCR, IS STILL THE MARKET LEADER WITH AROUND 48 % SHARE FOLLOWED BY WINCOR NIXDORT. DIEBOLD IS ANOTHER REPUTED VEN DOR WHOSE MARKET SHARE IS 8.44 %


E-COMMERCE

BUSINESS AND TRADE IS DEVELOPING INTO A CROSS BORDER PHENOMENON AN A LARGE SCALE BREAKING DOWN BARRIERS IN TERM OF TIME, FORMALITIES, AND CONVENIENCE. E-COMMERCE MEANS BUYING AND SELLING OF GOOD OR SERVICE THROUGH THE INTERNET.
BY AUTOMATING THE WHOLE PROCESS OF BUSINESS INCLUDING ONLINE EXHIBITIONS OF PRODUCTS TAKING AN ORDER PURCHASING AND TILL ITS ACTURAL DELIVERY TO THE END CONSUMER. BUSINESSES ARE ABLE TO REACT FASTER TO CUSTOMER DEMANDS AND KEEP MARKET UNCERTAINTIES. TO THE BAREST MINIMUM. THIS  LEAD TO A HIGHER BUSINESS TURNOVER OVER A LARGE CUSTOMER BASE RESULTING IN HIGHER INCOME AND PROFIT.
USE OF E-COMMERCE

THE USES OF E-COMMERCE

1, LOWER PURCHASING COSTS
2, REDUCTION IN QUANTITY OF INVENTORY
3, MORE EFFICIENT AND EFFECTIVE CUSTOMER SERVICES.
4, LOWER SALES / MARKETING COSTS
5, NEW SALES OPPORTUNITIES
 COMMERCIAL BANKING
THE BANKING OPERATION STARTED IN INDIA AS EARLY AS 1786 WITH THE INCEPTION OF GENERAL BANK OF INDIA AFTER THAT ALLAHABAD BANK,WAS THE FIRST COMPLETELY INDIAN OWNERSHIP BANK, WHICH CAME INTO EXISTENCE IN 1865, ANOTHER DEVELOPMENT HAPPENED WITH THE INCORPORATION OF THE BANK OF INDIA. AS THE NUMBER OF BANK INCREASED THERE, AROSE A NEED FOR CENTRALLY REGULATING THE BANKING SYSTEM IN INDIA. THIS BROUGHT THE RESERVE BANK OF INDIA.{RBI} INTO EXISTENCE IN THE YEAR 1935.
COMMERCIAL BANK IN INDIA ARE CATEGORISED INTO SCHEDULED COMMERCIAL BANK AND INDIA UNSCHEDULED COMMERCIAL BANK, THE SCHEDULED COMMERCIAL BANK HAVE BEEN LISTED UNDER THE SECOND SCHEDULED COMMERCIAL BANK HAVE BEEN LISTED BANK OF INDIA  ACT 1934, THE PUBLIC SECTOR BANK PRIVATE SECTOR BANK COME UNDER SCHEDULED BANK CATEGORY OR THE BASIC OF THE GOVERNMENT STAKE HOLDING.


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