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An ATM card is a dedicated payment card card issued by a financial institution (i.e. a bank) which enables a customer to access their financial accounts via its and others' automated teller machines (ATMs) and, in some countries, to make approved point of purchase retail transactions. ATM cards are not credit cards or debit cards, however most credit and debit cards can also act as ATM cards and that is the most common way that banks issue cards since the 2010s.

ATM cards are payment card size and style plastic cards with a magnetic stripe and/or a plastic smart card with a chip that contains a unique card number and some security information such as an expiration date or CVVC (CVV). ATM cards are known by a variety of names such as bank card, MAC (money access card), client card, key card or cash card, among others. Other payment cards, such as debit cards and credit cards can also function as ATM cards. Charge and proprietary cards cannot be used as ATM cards. The use of a credit card to withdraw cash at an ATM is treated differently to a point of sale transaction, usually attracting interest charges from the date of the cash withdrawal.

Interbank networks allow the use of ATM cards at ATMs of private operators and financial institutions other than those of the institution that issued the cards. The difference between an ATM card and a debit card is the underlying network used to process the transaction. Some debit card networks started their lives as ATM card networks before evolving into full-fledged debit card networks that include eftpos facilities.

History

The first ATM cards were issued in 1967 by Barclays in London.^[1]

Dimensions

The size of ATM cards is 85.60 mm × 53.98 mm (3.370 in × 2.125 in) and rounded corners with a radius of 2.88–3.48 mm, in accordance with ISO/IEC 7810#ID-1, the same size as other payment cards, such as credit, debit and other cards. They also have a printed or embossed bank card number conforming with the ISO/IEC 7812 numbering standard.

ATM uses

All ATMs, at a minimum, will permit cash withdrawals of customers of the machine's owner (if a bank-operated machine) and for cards that are affiliated with any ATM network the machine is also affiliated. They will report the amount of the withdrawal and any fees charged by the machine on the receipt. Most banks and credit unions will permit routine account-related banking transactions at the bank's own ATM, including deposits, checking the balance of an account, and transferring money between accounts.

Some ATM cards can also be used at a branch, as identification for in-person transactions.

The use of the ATM card for in store purchases or refunds is allowed only with pre-approved retailers, but not for on-line transactions.

For other types of transactions through telephone or online banking, this may be performed with an ATM card without in-person authentication. This includes account balance inquiries, electronic bill payments, or in some limited cases, online purchases (see Interac Online).^[2]

Card networks

ATM cards operate through specific networks. Interlink is just one example of the many ATM networks.

Canada's Interac and Mastercard's Maestro are examples of networks that link bank accounts with point-of-sale equipment.

Some debit card networks also started their lives as ATM card networks before evolving into full-fledged debit card networks such as STAR (Interbank Network), and others such as: Development Bank of Singapore (DBS)'s Network for Electronic Transfers (NETS) and Bank Central Asia (BCA)'s Debit BCA, both of them were later on adopted by other banks (with Prima Debit being the Prima interbank network version of Debit BCA).

Misuse

Due to increased illegal copies of cards with a magnetic stripe, the European Payments Council established a Card Fraud Prevention Task Force in 2003 that spawned a commitment to migrate all ATMs and POS applications to use a chip-and-PIN solution by the end of 2010.^[3] The "SEPA for Cards"^[4] has completely removed the magnetic stripe requirement from Maestro debit cards.

In Vietnam

In Vietnam, ATM cards are commonly understood as debit cards,^[5] also known as domestic debit cards.^[6]^[7]^[8] According to the State Bank of Vietnam, as of November 2023, there are over 190 million ATM cards in Vietnam, an increase of 14.6% compared to the same period in 2022.^[9]^[10]^[11]^[12] In November 2023, the total value of transactions via ATM reached over 1,300 trillion VND, an increase of 16.3% compared to the same period in 2022.^[13]^[14]^[15]

References

^ Jarunee Wonglimpiyara, Strategies of Competition in the Bank Card Business (2005), p. 1-3.
^ "Automated Teller Machines (ATMs): What You Need to Know". Investopedia. Archived from the original on 2021-12-06. Retrieved 2021-12-06.
^ "EPC Card Fraud Prevention Forum - Agreement on new measures to fight card fraud" Archived 2011-07-22 at the Wayback Machine, 19. July 2010 by Cédric Sarazin
^ "SEPA for Cards" Archived 2009-06-09 at the Wayback Machine, the SEPA Cards Framework and EPC Cards Standardisation Programme, accessed 06. August 2010
^ "Sản phẩm công nghệ tài chính tại thị trường mới nổi: Nghiên cứu điển hình tại Việt Nam". Tạp chí Tài chính (in Vietnamese). 2023-01-20. Retrieved 2024-02-06.
^ "Thẻ ghi nợ nội địa có phải là thẻ ATM hay không? Thẻ ghi nợ nội địa và thẻ ghi nợ quốc tế khác nhau như thế nào?". THƯ VIỆN PHÁP LUẬT (in Vietnamese). 2022-08-06. Retrieved 2024-02-06.
^ "Thẻ ghi nợ có rút được tiền?". Báo điện tử VTC News (in Vietnamese). 2024-01-12. Retrieved 2024-02-06.
^ thanhnien.vn (2018-06-11). "Gọi thẻ tín dụng là thẻ ATM, có đúng không?". thanhnien.vn (in Vietnamese). Retrieved 2024-02-06.
^ Hàng, Thời Báo Ngân (2024-01-02). "Thẻ ATM vẫn là dịch vụ thanh toán phổ biến". Thời Báo Ngân Hàng (in Vietnamese). Retrieved 2024-02-06.
^ Phong -, Kỳ (2023-09-20). "Số lượng thẻ tín dụng nội địa tăng trưởng 42% trong 8 tháng năm 2023". Nhịp sống kinh tế Việt Nam & Thế giới (in Vietnamese). Retrieved 2024-02-06.
^ Quoc, Bao (2022-02-06). "Ready card balance". thebank.vn (in Vietnamese). Retrieved 2024-02-06.
^ Nam, Thời báo Tài chính Việt. "Việt Nam đã có gần 140 triệu thẻ ngân hàng". Thời báo Tài chính Việt Nam (in Vietnamese). Retrieved 2024-02-06.
^ "Ghi nhận tăng trưởng giao dịch thanh toán không dùng tiền mặt qua hệ thống NAPAS". dangcongsan.vn. Retrieved 2024-02-06.
^ Phong -, Kỳ (2024-01-04). "Thanh toán không dùng tiền mặt tăng trưởng 50% trong năm 2023". Nhịp sống kinh tế Việt Nam & Thế giới (in Vietnamese). Retrieved 2024-02-06.
^ "Gia tăng việc thanh toán không dùng tiền mặt". tuyenquang.dcs.vn. Retrieved 2024-02-06.

[JW-1] Jarunee Wonglimpiyara, Strategies of Competition in the Bank Card Business (2005), p. 1-3.

[2] "Automated Teller Machines (ATMs): What You Need to Know". Investopedia. Archived from the original on 2021-12-06. Retrieved 2021-12-06.

[3] "EPC Card Fraud Prevention Forum - Agreement on new measures to fight card fraud" Archived 2011-07-22 at the Wayback Machine, 19. July 2010 by Cédric Sarazin

[4] "SEPA for Cards" Archived 2009-06-09 at the Wayback Machine, the SEPA Cards Framework and EPC Cards Standardisation Programme, accessed 06. August 2010

[5] "Sản phẩm công nghệ tài chính tại thị trường mới nổi: Nghiên cứu điển hình tại Việt Nam". Tạp chí Tài chính (in Vietnamese). 2023-01-20. Retrieved 2024-02-06.

[6] "Thẻ ghi nợ nội địa có phải là thẻ ATM hay không? Thẻ ghi nợ nội địa và thẻ ghi nợ quốc tế khác nhau như thế nào?". THƯ VIỆN PHÁP LUẬT (in Vietnamese). 2022-08-06. Retrieved 2024-02-06.

[7] "Thẻ ghi nợ có rút được tiền?". Báo điện tử VTC News (in Vietnamese). 2024-01-12. Retrieved 2024-02-06.

[8] thanhnien.vn (2018-06-11). "Gọi thẻ tín dụng là thẻ ATM, có đúng không?". thanhnien.vn (in Vietnamese). Retrieved 2024-02-06.

[9] Hàng, Thời Báo Ngân (2024-01-02). "Thẻ ATM vẫn là dịch vụ thanh toán phổ biến". Thời Báo Ngân Hàng (in Vietnamese). Retrieved 2024-02-06.

[10] Phong -, Kỳ (2023-09-20). "Số lượng thẻ tín dụng nội địa tăng trưởng 42% trong 8 tháng năm 2023". Nhịp sống kinh tế Việt Nam & Thế giới (in Vietnamese). Retrieved 2024-02-06.

[11] Quoc, Bao (2022-02-06). "Ready card balance". thebank.vn (in Vietnamese). Retrieved 2024-02-06.

[12] Nam, Thời báo Tài chính Việt. "Việt Nam đã có gần 140 triệu thẻ ngân hàng". Thời báo Tài chính Việt Nam (in Vietnamese). Retrieved 2024-02-06.

[13] "Ghi nhận tăng trưởng giao dịch thanh toán không dùng tiền mặt qua hệ thống NAPAS". dangcongsan.vn. Retrieved 2024-02-06.

[14] Phong -, Kỳ (2024-01-04). "Thanh toán không dùng tiền mặt tăng trưởng 50% trong năm 2023". Nhịp sống kinh tế Việt Nam & Thế giới (in Vietnamese). Retrieved 2024-02-06.

[15] "Gia tăng việc thanh toán không dùng tiền mặt". tuyenquang.dcs.vn. Retrieved 2024-02-06.

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@@ Line 1: / Line 1: @@
 {{short description|Type of bank card providing access to Automatic Teller Machines}}
+[[File:MAC (Money Access Card) ATM Card.jpg|upright=1.5|thumb|MAC (Money Access Card) ATM Card]]
 {{Banking |accs/cards}}
+[[File:Bank account (UML class diagram).svg|thumb|A card belongs to an account which belongs to a customer]]
-An '''ATM card''' is a [[payment card]] or dedicated payment card issued by a [[financial institution]] (i.e. a bank) which enables a customer to access it’s and other [[automated teller machine]]s (ATMs). ATM cards are not [[credit cards]] or [[debit cards]]. ATM cards are payment card size and style plastic cards with a [[magnetic stripe]] and/or a plastic [[smart card]] with a [[Integrated circuit|chip]] that contains a unique card number and some security information such as an expiration date or [[Card Verification Value Code|CVVC]] (CVV). ATM cards are known by a variety of names such as '''bank card''', '''MAC''' (money access card), '''client card''', '''key card''' or '''cash card''', among others. Most payment cards, such as [[Debit card|debit]] and [[credit card]]s can also function as ATM cards, although ATM-only cards are also available. Charge and proprietary cards cannot be used as ATM cards. The use of a credit card to withdraw cash at an ATM is treated differently to a [[Point of sale|POS]] transaction, usually attracting interest charges from the date of the cash withdrawal. [[Interbank network]]s allow the use of ATM cards at ATMs of private operators and financial institutions other than those of the institution that issued the cards.
+An '''ATM card''' is a dedicated [[payment card]] card issued by a [[financial institution]] (i.e. a bank) which enables a customer to access their financial accounts via its and others' [[automated teller machine]]s (ATMs) and, in some countries, to make approved point of purchase retail transactions. ATM cards are not [[credit cards]] or [[debit cards]], however most credit and debit cards can also act as ATM cards and that is the most common way that banks issue cards since the 2010s.
+ATM cards are payment card size and style [[plastic card]]s with a [[magnetic stripe]] and/or a plastic [[smart card]] with a [[Integrated circuit|chip]] that contains a unique card number and some security information such as an expiration date or [[Card Verification Value Code|CVVC]] (CVV). ATM cards are known by a variety of names such as '''bank card''', '''MAC''' (money access card), '''client card''', '''key card''' or '''cash card''', among others. Other payment cards, such as debit cards and credit cards can also function as ATM cards. Charge and proprietary cards cannot be used as ATM cards. The use of a credit card to withdraw cash at an ATM is treated differently to a [[point of sale]] transaction, usually attracting interest charges from the date of the cash withdrawal.
-ATM cards can also be used on improvised ATMs such as "mini ATMs", merchants' card terminals that deliver ATM features without any [[cash drawer]].<ref>. Nowadays , even children can keep atm cards as some banks like Kotak Mahindra give atm cards to children as well.[http://www.permatabank.com/service/192/index.html "Permata Mini ATM"] {{Webarchive|url=https://web.archive.org/web/20120414085838/http://www.permatabank.com/service/192/index.html |date=2012-04-14 }}</ref><ref>[http://www.bri.co.id/JasaLayanan/JasaBank/Ebanking/MiniATMBRI/tabid/303/Default.aspx "Mini ATM BRI"] {{webarchive |url=https://web.archive.org/web/20111230172255/http://www.bri.co.id/JasaLayanan/JasaBank/Ebanking/MiniATMBRI/tabid/303/Default.aspx |date=December 30, 2011 }}</ref> These terminals can also be used as cashless [[scrip]] ATMs by cashing the receipts they issue at the merchant's [[point of sale]].<ref>[https://www.youtube.com/watch?v=BP4p4WZFrZU "Cashless Scrip ATM Terminals"]</ref>
+[[Interbank network]]s allow the use of ATM cards at ATMs of private operators and financial institutions other than those of the institution that issued the cards. The difference between an ATM card and a debit card is the underlying network used to process the transaction. Some debit card networks started their lives as ATM card networks before evolving into full-fledged [[debit card]] networks that include [[eftpos]] facilities.
+==History==
+{{Main|Automated teller machine#History}}
 The first ATM cards were issued in 1967 by [[Barclays]] in [[London]].<ref name="JW">Jarunee Wonglimpiyara, ''Strategies of Competition in the Bank Card Business'' (2005), p. 1-3.</ref>
@@ Line 15: / Line 21: @@
 Some ATM cards can also be used at a branch, as identification for in-person transactions.
+The use of the ATM card for in store purchases or refunds is allowed only with pre-approved retailers, but not for on-line transactions.
-The ability to use an ATM card for in-store EFTPOS purchases or refunds is no longer allowed;{{citation needed|date=January 2018}} however, if the ATM card is also a [[debit card]], it may be used for a pin-based debit transaction, or a non-pin-based credit-card transaction if the merchant is affiliated with the credit or debit card network of the card's issuer. Banks have long argued with merchants over the fees that can be charged by the bank for such transactions. Despite the fact that ATM cards require a PIN for use, banks have decided to permit the use of a non-PIN based card (debit or credit) for all merchant transactions.
+For other types of transactions through [[telephone banking|telephone]] or [[online banking]], this may be performed with an ATM card without in-person authentication. This includes account balance inquiries, [[electronic bill payment]]s, or in some limited cases, online purchases (see [[Interac#Interac Online|Interac Online]]).<ref>{{Cite web|title=Automated Teller Machines (ATMs): What You Need to Know|url=https://www.investopedia.com/terms/a/atm.asp|access-date=2021-12-06|website=Investopedia|language=en|archive-date=2021-12-06|archive-url=https://web.archive.org/web/20211206142517/https://www.investopedia.com/terms/a/atm.asp|url-status=live}}</ref>
-Prior to the development of debit cards, ATM cards also sometimes fulfilled a dual purpose by serving as a [[cheque guarantee card]].
-For other types of transactions through [[telephone banking|telephone]] or [[online banking]], this may be performed with an ATM card without in-person authentication. This includes account balance inquiries, [[electronic bill payment]]s, or in some cases, online purchases (see [[Interac#Interac Online|Interac Online]]).
 ==Card networks==
+ATM cards operate through specific networks. Interlink is just one example of the many ATM networks.
-In some banking networks, the two functions of ATM cards and debit cards are combined into a single card, simply called a "debit card" or also commonly a "bank card". These are able to perform banking tasks at ATMs and also make point-of-sale transactions, with both features using a PIN.
 Canada's [[Interac]] and [[Mastercard]]'s [[Maestro (debit card)|Maestro]] are examples of networks that link bank accounts with point-of-sale equipment.
-Some debit card networks also started their lives as ATM card networks before evolving into full-fledged debit card networks such as [[STAR (interbank network)|STAR (Interbank Network)]], and others such as: [[Development Bank of Singapore]] (DBS)'s [[Network for Electronic Transfers]] (NETS) and [[Bank Central Asia]] (BCA)'s [[Bank Central Asia|Debit BCA]], both of them were later on adopted by other banks (with [[PRIMA (Indonesia)|Prima Debit]] being the [[PRIMA (Indonesia)|Prima]] interbank network version of Debit BCA).
+Some debit card networks also started their lives as ATM card networks before evolving into full-fledged [[debit card]] networks such as [[STAR (interbank network)|STAR (Interbank Network)]], and others such as: [[Development Bank of Singapore]] (DBS)'s [[Network for Electronic Transfers]] (NETS) and [[Bank Central Asia]] (BCA)'s [[Bank Central Asia|Debit BCA]], both of them were later on adopted by other banks (with [[PRIMA (Indonesia)|Prima Debit]] being the [[PRIMA (Indonesia)|Prima]] interbank network version of Debit BCA).
 ==Misuse==
 Due to increased illegal copies of cards with a magnetic stripe, the [[European Payments Council]] established a Card Fraud Prevention Task Force in 2003 that spawned a commitment to migrate all ATMs and POS applications to use a [[EMV|chip-and-PIN]] solution by the end of 2010.<ref>[http://www.europeanpaymentscouncil.eu/article.cfm?articles_uuid=CB4280BD-9A46-F734-D0FB30E04CFF5C57 "EPC Card Fraud Prevention Forum - Agreement on new measures to fight card fraud"] {{Webarchive|url=https://web.archive.org/web/20110722105654/http://www.europeanpaymentscouncil.eu/article.cfm?articles_uuid=CB4280BD-9A46-F734-D0FB30E04CFF5C57 |date=2011-07-22 }}, 19. July 2010 by Cédric Sarazin</ref> The "SEPA for Cards"<ref>[http://www.europeanpaymentscouncil.eu/content.cfm?page=sepa_vision_for_cards "SEPA for Cards"] {{Webarchive|url=https://web.archive.org/web/20090609021915/http://www.europeanpaymentscouncil.eu/content.cfm?page=sepa_vision_for_cards |date=2009-06-09 }}, the SEPA Cards Framework and EPC Cards Standardisation Programme, accessed 06. August 2010</ref> has completely removed the magnetic stripe requirement from [[Maestro (debit card)|Maestro debit card]]s.
+== In Vietnam ==
+In Vietnam, ATM cards are commonly understood as [[Debit card|debit cards]],<ref>{{Cite web |date=2023-01-20 |title=Sản phẩm công nghệ tài chính tại thị trường mới nổi: Nghiên cứu điển hình tại Việt Nam |url=https://tapchitaichinh.vn/san-pham-cong-nghe-tai-chinh-tai-thi-truong-moi-noi-nghien-cuu-dien-hinh-tai-viet-nam.html |access-date=2024-02-06 |website=Tạp chí Tài chính |language=vi}}</ref> also known as domestic debit cards.<ref>{{Cite web |date=2022-08-06 |title=Thẻ ghi nợ nội địa có phải là thẻ ATM hay không? Thẻ ghi nợ nội địa và thẻ ghi nợ quốc tế khác nhau như thế nào? |url=https://thuvienphapluat.vn/phap-luat/the-ghi-no-noi-dia-co-phai-la-the-atm-hay-khong-the-ghi-no-noi-dia-va-the-ghi-no-quoc-te-khac-nhau--725859-30841.html |access-date=2024-02-06 |website=THƯ VIỆN PHÁP LUẬT |language=vi}}</ref><ref>{{Cite web |date=2024-01-12 |title=Thẻ ghi nợ có rút được tiền? |url=https://vtc.vn/the-ghi-no-co-rut-duoc-tien-ar847054.html |access-date=2024-02-06 |website=Báo điện tử VTC News |language=vi}}</ref><ref>{{Cite web |last=thanhnien.vn |date=2018-06-11 |title=Gọi thẻ tín dụng là thẻ ATM, có đúng không? |url=https://thanhnien.vn/goi-the-tin-dung-la-the-atm-co-dung-khong-185764433.htm |access-date=2024-02-06 |website=thanhnien.vn |language=vi}}</ref> According to the [[State Bank of Vietnam]], as of November 2023, there are over 190 million ATM cards in [[Vietnam]], an increase of 14.6% compared to the same period in 2022.<ref>{{Cite web |last=Hàng |first=Thời Báo Ngân |date=2024-01-02 |title=Thẻ ATM vẫn là dịch vụ thanh toán phổ biến |url=https://thoibaonganhang.vn/the-atm-van-la-dich-vu-thanh-toan-pho-bien-147990.html |access-date=2024-02-06 |website=Thời Báo Ngân Hàng |language=vi}}</ref><ref>{{Cite web |last=Phong - |first=Kỳ |date=2023-09-20 |title=Số lượng thẻ tín dụng nội địa tăng trưởng 42% trong 8 tháng năm 2023 |url=https://vneconomy.vn/so-luong-the-tin-dung-noi-dia-tang-truong-42-trong-8-thang-nam-2023.htm |access-date=2024-02-06 |website=Nhịp sống kinh tế Việt Nam & Thế giới |language=vi}}</ref><ref>{{Cite web |last=Quoc |first=Bao |date=2022-02-06 |title=Ready card balance |url=https://rcbalance.net/ |access-date=2024-02-06 |website=thebank.vn |language=vi}}</ref><ref>{{Cite web |last=Nam |first=Thời báo Tài chính Việt |title=Việt Nam đã có gần 140 triệu thẻ ngân hàng |url=https://thoibaotaichinhvietnam.vn/viet-nam-da-co-gan-140-trieu-the-ngan-hang-136173.html |access-date=2024-02-06 |website=Thời báo Tài chính Việt Nam |language=vi}}</ref> In November 2023, the total value of transactions via ATM reached over 1,300 trillion VND, an increase of 16.3% compared to the same period in 2022.<ref>{{Cite web |title=Ghi nhận tăng trưởng giao dịch thanh toán không dùng tiền mặt qua hệ thống NAPAS |url=https://dangcongsan.vn/kinh-te/ghi-nhan-tang-truong-giao-dich-thanh-toan-khong-dung-tien-mat-qua-he-thong-napas-657680.html |access-date=2024-02-06 |website=dangcongsan.vn |language=en-US}}</ref><ref>{{Cite web |last=Phong - |first=Kỳ |date=2024-01-04 |title=Thanh toán không dùng tiền mặt tăng trưởng 50% trong năm 2023 |url=https://vneconomy.vn/thanh-toan-khong-dung-tien-mat-tang-truong-50-trong-nam-2023.htm |access-date=2024-02-06 |website=Nhịp sống kinh tế Việt Nam & Thế giới |language=vi}}</ref><ref>{{Cite web |title=Gia tăng việc thanh toán không dùng tiền mặt |url=https://tuyenquang.dcs.vn/DetailView/144567/4/Gia-tang-viec-thanh-toan-khong-dung-tien-mat.html |access-date=2024-02-06 |website=tuyenquang.dcs.vn}}</ref>
 ==See also==
-* [[Payment card]]
+* [[Card (disambiguation)]]
+* [[Charge card]]
 * [[Credit card]]
 * [[Debit card]]
+* [[Payment card]]
+* [[Plastic card]]
+* [[Purchasing card]]
+* [[Stored-value card]]
 == References ==