The difference between a payment terminal and an ATM.

Queues at ATMs and payment terminals are rare today: machines are at every corner, from shops to public transport stops. This means that payment automation services are in demand. This means that terminals and ATMs are convenient. However, not all people can master a relatively complex technique, and this applies not only to retirees. Confusion and frustration in communicating with machines occurs when people do not take into account their purpose, assuming that established booths are obliged to accept payments, dispense cash, check account balances and perform bank transfers. The differences between payment terminals and ATMs are far from obvious to many, so filling the gaps in knowledge is useful and even profitable to some extent.

Definition

Payment terminal - hardware and software complex that allows making payments in self-service mode.

ATM is a software and hardware complex designed to receive and issue cash and carry out some banking operations in an automated mode.

Comparison

As can be seen from the definitions, the difference between a payment terminal and an ATM is primarily in the tasks they solve. The payment terminal only accepts money, while the ATM is less greedy: it gives, but sometimes it accepts (not all ATMs have the function of accepting cash). Another primary difference is that an ATM always belongs to a bank or credit institution, while terminals can be installed by any individual entrepreneur or organization (of course, when drawing up the relevant documents for this type of activity) by agreement with companies whose services will be paid for through the machine.

The principle of operation of the payment terminal is based on the advance contribution of its owner. Funds are credited to the beneficiary's account in most cases instantly, debiting in accordance with the amount deposited from the account - a kind of cashing occurs. When working with an ATM, a request is sent to the user's account and the amount is debited, and when money is deposited, the details are checked and the amount is credited. Some banks may make you wait for the payment to be credited for several days.

Payment terminal Qiwi

Technically, an ATM is a much more complex device than a terminal. He needs constant secure communication with the bank's processing center and a system for reading plastic cards. The terminal with cards does not work, but it maintains communication by connecting to mobile networks. The list of terminal services is wide: today, almost any payment can be made using the device. ATMs, in addition to issuing and accepting cash, can offer an account statement or money transfer between accounts.

ATM of Sberbank

The ATM requires authorization to work with the account, it is provided by plastic cards. Payment terminals require only the attention of the user entering the details of the payee. As a rule, the security level of an ATM is much higher than that of a payment terminal. Specially equipped safes, security cameras, and other means allow, if not to avoid fraud completely, then to protect customers from it as much as possible. Terminals, due to their much wider prevalence, do not have reliable protection, and they are used less often in fraudulent schemes, they are much more often physically opened.

Conclusions TheDifference.ru

  1. The ATM issues cash, the payment terminal accepts.
  2. The ATM belongs to the bank, the payment terminal belongs to the partner organization.
  3. Amounts deposited through the terminal are debited from the owner's account, the ATM works with the user's accounts.
  4. The ATM requires authorization by means of a plastic card.
  5. The list of terminal services is wider than that of an ATM.
  6. The level of physical protection and security of transactions at an ATM is higher than that of a terminal.
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