The diagram illustrates the process of a transaction banking service between the local bank and the customer’s home bank through an ATM, which allows a customer to withdraw some money, in five stages beginning with entering the card and PIN, ending with the establishing trading partnership between the two banks.
At the first stage, the customer has to access the ATM by his or her card and type the PIN to operate the service. Subsequently, a message from the local bank is sent to Mr. Smith’s bank, the bank in the hometown of the customer, via network to confirm if the account of the customer can afford that money and in contrast. Once Mr. Smith’s bank has received the message, it will immediately check the balance because if the fund in the client’s account is not available, the service will be terminated. After ensuring that the fund is adequate, the money will be minus to the customer’s account. After that, it will reply to the bank which makes a request. And then the customer can take out the cash required. Finally, the two banks will co-operate in terms of finance and services that banks offer to serve the client.
The diagram illustrates the process of a transaction banking
service
between the local
bank
and the
customer’s
home
bank
through an ATM, which
allows
a
customer
to withdraw
some
money, in five stages beginning with entering the card and PIN, ending with the establishing trading partnership between the two banks.
At the
first
stage, the
customer
has to
access the ATM by
his or her
card and type the PIN to operate the
service
.
Subsequently
, a message from the local
bank
is
sent
to Mr. Smith’s
bank
, the
bank
in the hometown of the
customer
, via network to confirm if the account of the
customer
can afford that money and
in contrast
. Once Mr. Smith’s
bank
has received the message, it will immediately
check
the balance
because
if the fund in the client’s account is not available, the
service
will
be terminated
. After ensuring that the fund is adequate, the money will be minus to the
customer’s
account. After that, it will reply to the
bank
which
makes
a request. And then the
customer
can take out the cash required.
Finally
, the two
banks
will co-operate in terms of finance and
services
that
banks
offer to serve the client.