1. How Does an ATM Transaction work?
1. The customer inserts his bank card in the ATM and requests a withdrawal. |
2. The ATM dials a toll-free number to contact the appropriate network such as Star®, Plus®, Cirrus®, or Alaska Option®, which then contacts the customer's financial institution. |
| 3. The customer's funds are verified by his financial institution. |
4. If funds are verified, the transaction is approved and the customer receives cash from the ATM. |
5. The withdrawal amount and the surcharge are debited from the customer's account. |
6. The transaction is processed through the Federal Reserve's automated clearing house. |
| 7. Both the surcharge and the withdrawal amount are electronically deposited in the ATM owner's account. |
2. Which ATM / Debit Cards are accepted by the ATM Machines sold by Alaska Teller Machine?
ATM's sold and processed by Alaska Teller Machine are programmed to accept all Visa and MasterCard branded credit cards as well as all Visa and MasterCard branded check / debit cards from all networks including Star®, Plus®, Cirrus®, and Alaska Option®. Our machines also accept American Express and Discover Card charge cards as well as EBT (Electronic Benefits Transfer).
3. Aside from purchasing the ATM and providing the phone line, is there anything else that needs to be purchased or provided?
No. The cost of the machine includes delivery and installation at your place of business, processing services, completion of the necessary paperwork and network / regulatory compliance. The purchase price also includes free ATM supplies, 5 year parts warranty and lifetime labor warranty on most equipment as well as free onsite training at your convenience.
