What is ATM in commerce?

ATM in commerce refers to Automated Teller Machines, which are electronic devices that allow customers to perform financial transactions without the need for human interaction. Users can withdraw cash, check account balances, transfer funds, and deposit money using their bank cards. ATMs enhance convenience for banking by providing 24/7 access to cash and banking services, often located in various public places. They play a crucial role in modern banking, facilitating quick and easy access to financial services.