An automated banking machine (10) has a housing (12) which is suitable for mounting in various manners and configurations. The machine includes a bill dispenser (42), a receipt printer (66) and other transaction function devices. The machine further includes a user interface (16) including input and output devices which customers may use to carry out transactions. The machine is configured to be dedicated to carrying out transactions through communication with a transaction switch (110). The machine is provided at little or no charge to a merchant who installs the machine at their facility. The merchant receives a portion of the transaction fees derived from transactions conducted by consumers at the machine. The process of qualifying the merchant and configuring the machine may be automated to facilitate installation and operation of the machine by the machine provider for the merchant.