Asynchronous Transfer Mode (ATM) is a cell-switching, connection-oriented technology. In ATM networks, end stations attach to the network using dedicated full duplex connections. Each design has its own merits and drawbacks, in terms of throughput, delay, scalability, buffer sharing and fault. It is used to process the On-Us (both acquiring bank, issuing bank are same)/ OFF-Us (acquiring bank, issuing bank are different) based on the configurations defined by Issuing bank. It can process VISA, MasterCard and Amex etc., cards (debit/credit) as per their standards. Basically it is based on. When an ATM user withdraws cash from an account, makes a deposit, or performs another transaction, such as making a payment from their banking account, several related components come together to make that digital transaction happen.
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