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 i)to bv Rmi] ey built ristratioi e, :ie delite compart i observe! case werti ct should ukkly. the firstd urned if icn byafo 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- f Police Dt i showing; es were liiud the ce depai Ironical n ?n install icers Iron lity. if they i Cimosart her cases i tors sail eck with} officials /ela schcd for Ramoi saidjuryl Feb. 5. denied 24,197JJ milla ffic viflj| enton ified he ly while If ic uncoj* | sop up his shirt' xle when { shot: patrols 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 ON THE DOUBLE I I I i i i i i % \ i i \ i i at Northgate, above Farmer's Market Inexpensive, High-Quality Copies On Our Xerox 9400 FREE COLLATING in most cases. We specialize in REPORTS and DISSERTATIONS. Also: Self-service copying, typing, binding, resume writing, editing, business cards, wedding invita tions, stationery. ONE STOP service for reports and dissertations. ON THE DOUBLE 331 University 846-3755 HOURS: Mon.-Fri. 7 a.m.-lO p.m. Sat. 9 a.m.-6 p.m. v * 4 > 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 aiiimmiiiiiiiiiiiiiimmiiiiimiiiiiiiimmimiiimiiimiimimiiimimimimiiiiiiiiiiimiiimii 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