local/state
Battalion/Page 5
January 20, 1982
ip&ustomers get cash Anytime
Automatic tellers popular
by Donna D. Jones
Battalion Reporter
er cowboy boots polished
Wranglers ironed, Ann
pton, 22, has only one stop
ake before reaching the
;as Hall of Fame — her Any-
machine.
he education major from
ston, inserts a plastic card
the Anytime machine’s
erand punches in her per-
identification code (PIN),
codes in the type and
unt of the transaction and,
r 30 seconds heads for the
ice hall with money in hand,
"his scene occurs more and
e frequently as Anytime,
machines like it, grow' in
her and popularity. Any-
, Impact and Teller 2 are all
es for the same type of
hine — the automatic teller
hine, or ATM.
,TMs can handle 80 percent
the functions usually per-
. r med by human tellers, such
tom u ma kj n g deposits and with-
eneralst [Wa | s transferring funds be
en accounts, making pay-
nts on installment loans and
ing account balances,
here are approximately
J00 ATMs in the United
i A lies, a 40 percent increase
«rayearago. A I’M growth in
™xas, however, has been slower
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United Press International
1UST1N — Comptroller Bob
Hock Tuesday filed formal
iplaints against Sen. Mike
hards, R-Houston, saying
atched hards may have violated state
by collecting and spending
npaign funds for a race
linst Bullock without desig-
ing a treasurer for his cam-
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than its growth in other states,
partially because the Texas Con
stitution restricted off-premise
ATMs until August 1981. This
prevented banks from placing
ATMs in grocery stores or shop
ping centers.
In 1979, the national average
of monthly transactions was
4,000 per machine, while in
Texas it ranged from 1,000 a
month to over 20,000 a month.
Bill McGuire, University Na
tional Bank Anytime coordina
tor, said the bank has been aver
aging 5,000 transactions a week
for the past few months. The
average dollar amount of weekly
transactions is $ 100,000, he said.
“The biggest advantage of
ATMs for the bank customer is
his ability to get cash when he
needs it,” McGuire said.
An ATM transaction can be
completed in about 30 seconds
and eliminates the chance of hu
man error.
Recent estimates by the Bank
Administration Institute sug
gest that the average transaction
involving a human teller costs
between 50 cents and 60 cents to
complete. ATMs transactions
cost approximately 20 cents.
The initial investment is the
lest cost involved in ATMs —
unit costs about $40,000 to
install. Monthly equipment
ampaign wrongs
harged to senator
8 n -
State law requires designa-
of a treasurer before any
ids are collected or spent.
Bullock filed letters of com-
lint with the secretary of state,
orney general and Harris
mnty district attorney. The
nplaint includes a copy of an
id parent secret memo from
hards to his supporters dated
ic.23,1981, saying he has de-
ely decided to enter the
mptroller’s race and has com-
tments for cash contributions
$335,000.
A postscript at the end of the
mo says, “After reading,
:ase destroy and preferably
not discuss.”
Richards did not formally de
bate himself as his campaign
treasurer until last Wednesday.
Bullock’s complaint also con
tends others may have violated
the law by accepting contribu
tions on Richards’ behalf with
out designation of a campaign
treasurer.
The memo cited by Bullock
says Gov. Bill Clements agreed
to find a Dallas state finance
chairman to be responsible for
raising $1 million to finance
Richards’ campaign, and said
Dallas Cowboy coach Tom
Landry had agreed to be visibly
involved in the race, probably as
state campaign chairman.
“I have definitely made the
decision to run for the office,
contingent upon obtaining the
state finance chairman,” the
memo on Richards’ Senate let
terhead said.
Bullock’s complaint asks that
the secretary of state and attor
ney general investigate the alle
gations against Richards and in
itiate legal action for civil penal
ties if it is warranted. It asks the
Harris County district attorney
to conduct an independent in
vestigation.
Get your Xerox copies
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HOURS:
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Sat. 9 a.m.-6 p.m.
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>
maintenance is about $300, but
compared to a minimum cost of
$350,000 for setting up a bank
branch office, the ATMs are in
expensive.
When ATMs began to appear in
bank lobbies a few years ago,
many bankers were afraid the
customer would reject them.
The Bankers Association said
that in a people-oriented indus
try, people would prefer the hu
man touch.
Today, such fears have les
sened, with many customers
apparently preferring the speed
and convenience of the
machines to human tellers.
Campbell Wood, president of
the Benjamin Franklin Savings
Association, agrees. “I have yet
to find a customer frightened by
an ATM after he has used it one
time,” he said. Customers like
the time-and-place convenience
provided by the ATMs, and, as
long as they are confident of
their reliability, they will willing
ly stand in line to use them.”.
Another reason for the rising
popularity of ATMs is that they
can be used away from a custom
er’s home bank. Regional ATM
networks enable a traveler with
an ATM card to withdraw cash
from his home bank account at
any of the other banks belong
ing to the network.
The Anytime and Teller 2
systems are joining with the
Pulse system, of ATMs in Febru
ary. When complete, this net
work will be the largest ATM
network in the nation.
Although ATMs are growing
both in number and in customer
acceptance, they do have prob
lems.
A person who gains access to a
customer’s card and PIN can
easily take money from that
account. Too often, customers
either note their PIN on the
cards or write their PIN on slips
of paper they keep with the
cards. This makes it easy for the
money to be withdrawn.
However, some protections
are built into the machines to
guard against unauthorized
withdrawals from accounts. If a
person uses a stolen card and
tries to randomly select PINs,
the ATM will keep the card.
If an ATM card is stolen and
used, the customer’s liability is
limited to $50 or the amount of
money obtained before the bank
is notified of the card loss,
whichever amount is less. The
customer is liable for up to $500
if he fails to report the loss or
theft of his card within two busi
ness days of the loss.
Computer errors are a poten
tial problem associated with
ATMs. To prevent against such
errors, ATMs verify the amount
the customer wishes to withdraw
on a video display before it is
entered into the machine.
If an error is made, the cus
tomer simply punches the error
key. Each transaction is automa
tically recorded on an itemized
statement furnished to the cus
tomer when he withdraws his
card.
Staff photo by David Fisher
Johnny Jena, a freshman in mechanical freshman accounting major from Fort
engineering from Vicksburg, Miss., uses Worth, and Diane Wilkins, a junior geo-
the ANYTIME machine at University Na- physics major from Houston, made use of
tional Bank. He, Julia Hearndon, center, a the machine Tuesday.
DANCE DANCE DANCE
DflNCCBS S ro
G c
S* r P
Jazz 50’s Disco
Modern Country-Western
*No partners necessary*
If interested in an audition, call 693-4962
(ask for Susan) or 260-4309 (ask for Erin)
INSTRUCTORS WANTED
The Bryan Parks and Recreation Department would like
to create a list of individuals who possess a skill which
they would like to teach for pay. The approach used is
that students are charged a fee which is payable to the
City of Bryan. After the last class, the instructor is paid
80% of the total fees and 20% is retained by the City. If
you possess a skill and would like to instruct, please
inform us at 779-5622 ext. 323.
8
8
S
5:
DANCE LESSONS
^ * Curing id &&&&&&*&*&■ ^ i
iq COUNTRY andWESTERN 8
8
8
8
8
8
8
8
8
Classes Begin Feb. 1st!
'S
OF DANCE ARTS
107 DOWLING ROAD
f Enroll Now — Class Starts Jan. 27
s
S 693-0352
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Remember
is
• •
w
Your One-Stop
Bookstore!
• Used Books • Calculators
• School Supplies • T-Shirts
• Aggie Gifts • Vet Supplies
• Greek & Military Supplies
OPEN DAILY 7:30-6:00
304 jersey St. 696-2111
Mast**'Caf<3
Across From The
University Police Station
VISA
Your Danskin
Headquarters
Manor East Mall
779-6718
now OPEM
si
FRENCH’S
HAPPY DAY
— child care center —
Bring your child and visit our professional staff in our new Ultra
Modern Facility!! Conveniently located in Southwood Valley off FM
2818.
1024 Balcones Drive Day Care — Infants — Pre-School
6QG-Q062 ^ ter School Care — Kindergarten
Music and Ballet
* Almost better than Grandma's!’
B. L. Shane's
Lakeview Club
Continuing A Tradition of The Very Best
In Country-Western Music and Dancing!
iimiimimiiimiiiiimiimimimiiimmmmimimmmmiiiiiiimmiimimiimimimmiiml
Thursday night
Jan. 21 8 p.m.
JOHPfNY
RODRIGUEZ!
Limited Number of Tickets — No Standing Room
Tickets For This Special Show
Tickets On Sale At Lakeview
and at Tip Top Records
$6.00 Person
Saturday Night
Jan. 23
DARREL McCALL!
and "A Little Bit Of Texas'
$5.00 Person Music Starts 9 p.m.
Thursdays Are Still
NICKLE BEER NIGHT!
(Lone Star Draft Beer 5<t a Cup or $1.00 a Pitcher)
Or You Can Still Bring Your Own Bottle!
3 Miles North of Bryan For Reservations
On Tabor Rd. 823-0660