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Micro ATM
 


Micro ATMs are devices meant for drawing small amounts of money. The money can be withdrawn by providing a unique identification (UID) number linked to a person's bank account.Micro ATMs are basically small portable devices that can be carried along or can even be attached to laptops as it supports SIM cards and broadband services as well.

MicroATM or popularly called POT/POS device works in the same way as regular ATMs except for the fact that they are hand held devices (HHD).

Now different vendors provide the hardware for a POS eg. A well known name of such manufacturer is ingenico. The application is developed by the POS service provider to read the data from card which is either swiped or fed into the machine depending on the type of card. The POS then connects to the central server where server POS application is hosted, then they go to the ATM switch of the bank then to NPCI based on onus or offus (issuer/acquirer) transaction and then to the Core Banking Solution(CBS) of the bank. Famous cbs in INDIA r finacle and bancs24.

now days POS allows various other features too. They have integrated fingerprint sensors which is used by banks for account opening purposes. They verify the customer identity from UIDAI based on aadhaar numbers.
Functions available includes:

1.    Account opening
2.    Atm card transaction
3.    eKYC
4.    Aadhaar enabled payments (AEPS)
5.    Cash withdrawal/deposit
6.    Funds trnsfer, mini statement,  balance enquiry, etc.
7.    Aadhaar seeding.
8.    biometric capturing

These are mainly the banking utilities that I mentioned,  other organisations might install applications as per their needs.

There are over 10 lakh POS devices deployed in india which are banking transaction enabled.  The count multifolded since thr launch of PMJDY scheme by pm modi. Over a million aadhaar transaction happen weekly on these HHDs.
there are aadhaar based cards made for these devices and circulated by banks to encourage these services based on aadhaar seeding in banks. All banks have these nowdays.

The micro ATM is a doorstep mobile banking arrangement cum-mobile ATM device for the under-managed an account and unbanked populace base. The technology behind micro ATM is a blend of two extremely straightforward devices, viz, a low-power bluetooth printer and a minimal effort mobile communication device, that have been interfaced to add to an out and out ATM. The framework comprises of a uniquely modified mobile handset associated with the focal server utilizing GPRS network, and a hand-held warm printer that consequently prints receipts as and when activated by the server. Since the device is focused at rustic zones where absence of sufficient base is a prime issue, the capacity to work with low power is of prime significance. A warm printer is utilized here on the grounds that it is significantly more suitable for versatile applications than ink-based printers.

Micro ATM. Installing ATMs in rural areas is unviable for banks due to the lower number of accounts, low volume of transactions, low value of transactions and high cost of setting up an ATM. Micro ATMs from 4Gid is a one stop solution for banks to bring ATM services to the unbanked rural areas in a secure manner.

Micro ATM
Installing ATMs in rural areas is unviable for banks due to the lower number of accounts, low volume of transactions, low value of transactions and high cost of setting up an ATM. Micro ATMs from 4Gid is a one stop solution for banks to bring ATM services to the unbanked rural areas in a secure manner.
The micro ATMs designed by us are cost effective, support vernacular language display & voice with inbuilt biometric authentication that helps the banks to achieve total financial inclusion in real terms. The Micro ATMs are Point of Sale (PoS) Devices that work with minimal power, connect to central banking servers through GPRS, thereby reducing the operational costs considerably. Our micro ATM solution enables the unbanked rural people to easily access micro banking services in a very effective manner.
The key features of 4Gid’s micro ATMs are:

•    Supports contact/contactless smart cards, biometric authentication, Thermal Printer and GPRS module for communication
•    Configurable Smart Card Management System including Card Personalization, Card Issuance, Key Management and Card

Life Cycle Management

•    Supports multiple banking products and third party financial products
•    Supports both offline and online transactions
•    Supports biometric enrollment and authentication functions
•    10 hours battery backup