ATMs: What does White Label, Brown Label, and On-line, off-line ATM mean?

Updated and re-posted on 11.06.2021 Automated Teller Machines (ATMs) are the alternative banking channels available to bank customers primarily for withdrawal of cash. The money can be withdrawn from ATM at any point of time round the clock convenient to the bank customers. The Automatic Teller Machines are generally identified as White Label, Brown Label,…