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ATM : Automatic Teller Machine: A robotic cash-dispensing terminal which enables the client of a bank, building society or credit union to operate an account without entering a branch. Instead of dealing with a human teller, the customer inserts a plastic card, enters a personal identification number (PIN) and operates a numeric keypad to withdraw cash, transfer funds between accounts and obtain account balances.
POS : Point of sale credit card facility for banks to be used at their appointed merchants in order for the latter to accept credit card payment in addition to cash payment.
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