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ATM Business Opportunities Think about ATM business. ATMs can be found at Fast Food locations such as McDonalds, Arby's, Taco Bell & KFC, Nightclubs, Liquor and Convenience Stores, Retail & Video Stores and Theatres. In the point of "Rich People Buy Assets - Poor People Buy Liabilities:Rich Dad Poor Dad" is it asset or liabilites? How ATM works? ATM cards use processors to connect to there various ATM networks. Financial Institutions commonly referred to as Banks issue both credit cards and debit cards. When process ATM transactions your ATM machine will dial a toll free number to begin the authorization process. Your ATM will be re-programmed with a TID (terminal ID number) that will identify it on processor so the networks will allow the transaction to complete. This TID along with other identifying information lets the cardholder's bank know that the transaction is taking place on ATM. ATM will connect to the networks through processing center and then to the cardholder’s bank. If there are sufficient funds in the ATM cardholders account for the withdrawal request, the transaction will be completed. The ATM receives the authorization and dispenses the cash requested. ATM can also be used if someone just wants to check their account balance or transfer funds before or after withdrawing cash. Profit model: Withdrawl. Risk factor: When private investors invest ATM machine.Always be cautious.
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Business / ATM Business Opportunities