A teller system is the integrated hardware and software used for retail or wholesale banking transactions, most systems communicate with a
core banking
Core banking is a banking service provided by a group of networked bank branches where customers may access their bank account and perform basic transactions from any of the member branch offices.
Core banking is often associated with retail b ...
system or
mainframe
A mainframe computer, informally called a mainframe or big iron, is a computer used primarily by large organizations for critical applications like bulk data processing for tasks such as censuses, industry and consumer statistics, enterprise ...
over a
secured network
Network security consists of the policies, processes and practices adopted to prevent, detect and monitor unauthorized access, misuse, modification, or denial of a computer network and network-accessible resources. Network security involves th ...
. The hardware may include a computer or terminal, Cash Drawers, Receipt and Passbook Validator/Printers, magnetic strip readers, pin keypads, bill counters, and bill/coin dispensers. The software is usually based on client/server where several clients (teller stations) are networked to a server which communicates to the mainframe via a dedicated line or satellite.
See also
*
Automated teller machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fun ...
References
" Teller System New teller system.
Banking technology