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Question
Explain the following :
(i) SMS alerts
(ii) ATM
One Line Answer
Solution
(i) SMS Alerts: It is a facility used by some banks or other financial institutions to send messages (also called notifications or alerts) to customers' mobile phones using SMS messaging. or a service provided by them which enables customers to perform some financial transactions using SMS.
(ii) ATM: ATM stands for an automated teller machine and also known as an automatic teller machine is an electronic telecommunications device that enables the customers of a financial institution to perform financial transactions. particularly cash withdrawal. without the need for a human cashier. a clerk or bank teller.
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