ATM is an abbreviation for Automated Teller Machine or Automatic Teller Machine. An ATM paper is a card that enables one to access their bank account without necessarily going to the bank in person. All that is needed is just an ATM and an ATM paper also called an ATM card. An ATM enables the customers to perform financial transactions without the presence of a human cashier. An ATM card has a magnetic stripe and the customer is identified by entering a personal identification number (PIN) which is unique to every owner. The ATM card also has some information like the expiration date for security purposes.

Uses of ATMs

  • Customers use ATM cards to make transactions such as withdrawing cash, depositing cash, checking account balances and they also provide the best currency exchange rates.
  • Used to print bank statements.
  • Transfer cash between different accounts that are linked.
  • Making donations to charity.
  • Used to update passbooks.
  • One can also load monetary value into stored value cards.
  • They can also be used for purchases of tickets such as lottery, train, concert, and movie among others.
ATM Till Roll

The paper rolls used in the ATM machine

However, there are still very many ATM uses that have not yet gained worldwide acceptance. These include the following;

  • Video conferencing with video tellers
  • Cheque/Cash Acceptance without using envelopes
  • Scanning bar codes
  • ATM co-ordination with mobile phones
  • Dispensing of phone cards and other additional media
  • Biometrics; whereby identification is based on the customer’s fingerprints or other unique features among others.


Before an ATM is put at the disposal of customers, it MUST have undergone extensive testing using test money and computer systems which allow it to perform the various transactions that it will be expected to perform for the public. This highly reduces the chances for machine and network failures or other malfunctions.

On the customer’s side, the ATMs are up to 98.25% reliable while from the host system’s side the reliability is up to 99.999%. However there have been cases of errors which may have originated from the hardware, software or just mechanical errors which can occur during the transaction process. In order to settle down such disputes, every transaction made in the ATM is recorded in a roll paper journal found in the ATM and the customer is also given a copy of the receipt. The values on the roll paper journal will be used as the point of reference in case of any disagreements.

The biggest challenge to the use of ATMs is fraud. Due to this, most banks give warnings to the users to be vigilant and more careful before using the ATM. The precautions may include the following:

  • Do not use if the machine appears to have been tampered with.
  • A line may be drawn to mark the privacy space for a customer in order to prevent the other customers from seeing your PIN.

Uses of ATM Receipt Paper

The paper you take away from the ATM machine when you finish the transaction is called “ATM receipt paper”. It is made from thermal paper (one kind of paper with chemical coating on it). The receipt paper keeps record of the transaction code, bank branch name, address, date, money amount, transaction type, bank service hotline, notice,etc. You’d better keep it safe since it can be a proof of your transaction.

Note:  ATMs are used worldwide for many purposes since they are cheaper, easier to use and more convenient in many transactions. If you still want to know more information about the ATM receipt use, kindly send us email:, we would be glad to answer your questions.