Few years ago for purchasing people need to draw money from the bank and then they have to carry that particular amount in hand carefully for shopping. Till completing the shopping the person will be with full stress regarding the money in his or her purse.
Sometimes if the person is going for shopping in the holiday time then he or she has to draw the money from the bank by the previous day itself by standing in a long queue. These many hurdles a person was facing in the past period.
Because of the technological development as well as to reduce the human’s stress the banks started providing ATM (Any Time Money) cards by which a person can draw money from the provided ATM machines whenever and wherever he or she want money.
As the technology is developing further this method also became easier that a person doesn’t need to take money from the ATM machine for shopping. He or she can directly use the ATM card for any type of shopping. Yes! By just scratching the ATM card you can shop anywhere in the world provided you should have enough money in your bank account for the shopping.
For this method of scratching and paying money for the particular good, a separate machine is available which is known as Chip and PIN machine. With the help of these Chip and PIN machines you can scratch your particular ATM debit card or Credit Card and purchase whatever you want. These machines are operating via electricity only but the main technical operators are the bank officials.
By just simple scratching of the ATM card in the Chip and PIN machine, the particular amount which you have to pay for the particular goods which you purchased will be deducted from your saving bank account immediately within seconds of time.
Thus the Chip and PIN machines helps the humanity a lot by removing their unwanted fear and tension regarding handling of the money mainly during outing.