The automatic teller machine (ATM) is the most widely used e-Payment instrument in Nigeria. It is responsible for about 89% (in volume) of all e-Payment instruments since 2006 to 2008. Some customers have at least two ATM cards depending on the number of accounts operated by them and they represent the active users of the ATM cards. Furthermore, identity theft has been identified as one of the ...

In this paper, the problem of determining the optimum number and locations of banking automatic teller machines (ATMs) is considered. The objective is to minimize the total number of ATMs to cover all customer demands within a given geographical area. First, a mathematical model of this optimization problem is formulated. A novel heuristic algorithm with unique features is then developed to eff...

In recent years, there has been a simultaneous deregulation of interest ceilings on household deposits and a dramatic deployment of automatic teller machines (ATM) by the banking industry. At one time, there was a belief that the U.S. would evolve into a “checkless society” because of the development of electronic funds transfer systems such as the ATM. That has clearly not happened. The purpos...

Although millions of automatic teller machines (ATMs) are currently used all over the world, users of ATMs still have usability problems including inappropriate user-ATM interaction, display problems and others. Many developed countries already have standards in place for ATMs. However, this is not the case in many other countries. This paper aims to assess certain dimensions of ATM machines an...

In this paper two different methods are used to forecast the daily cash demand for automatic teller machines (ATM). The first method is based on flexible artificial neural network (ANN). The generalization properties of this ANN were improved using special adaptive regularization term. The second forecasting method employs the support vector regression (SPR) algorithm. Performed simulation stud...

An algorithm for recognizing banknotes is required in many fields, such as banknote-counting machines and automatic teller machines (ATM). Due to the size and cost limitations of banknote-counting machines and ATMs, the banknote image is usually captured by a one-dimensional (line) sensor instead of a conventional two-dimensional (area) sensor. Because the banknote image is captured by the line...