Univ.-Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.English-language economic definitions generated from approved international institutional sources.
The cash feature of a bank or payment card permits transactions involving physical currency at an ATM or comparable terminal, such as taking money out and, where supported, putting money in. A card may offer this feature alongside its purchase capability; the two services are conceptually separate and may vary according to the issuer and… read more »
A cash-in machine is a bank-operated terminal that credits physical euro notes to a customer’s account after the customer has been authenticated. It is designed solely for receiving deposits and cannot dispense cash, providing a self-service alternative to branch-counter deposits.