Cashline
Encyclopedia
Cashline is the name of the Automated Teller Machine
(ATM) network run by the Royal Bank of Scotland
. Its beginnings date back to 1967 when the Royal Bank installed its first ATM in its offices in the West End of Edinburgh
. Initially the service offered only basic deposit services to a small select number of customers, but by 1977 the familiar cash withdrawal service to current account holders was launched under the Cashline name.
By 1980, the Cashline network had become the busiest ATM network in the world in terms of how frequently each machine is used and how much money is taken out each time. Cashline ATMs up until the mid 1980s were usually of De La Rue
or IBM
-Diebold
manufacture, before being progressively replaced by NCR
machines. Cashline is a member of the LINK
network, and in 1997 took the step of being available to all cardholders, irrespective of the ATM network their own particular bank belonged.
Cashline ATMs are also exclusively found in branches of Tesco
supermarkets all over the United Kingdom
, operating under the Tesco Personal Finance banner, but with a small "Cashline" below the Tesco lettering.
Largely due to it being the first ATM network in Scotland the word Cashline has become generic among Scots to describe an ATM, as ubiqutous perhaps as the terms "Cashpoint" or "Hole-in-the-Wall" are south of the Border
.
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
(ATM) network run by the Royal Bank of Scotland
Royal Bank of Scotland
The Royal Bank of Scotland Group is a British banking and insurance holding company in which the UK Government holds an 84% stake. This stake is held and managed through UK Financial Investments Limited, whose voting rights are limited to 75% in order for the bank to retain its listing on the...
. Its beginnings date back to 1967 when the Royal Bank installed its first ATM in its offices in the West End of Edinburgh
Edinburgh
Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...
. Initially the service offered only basic deposit services to a small select number of customers, but by 1977 the familiar cash withdrawal service to current account holders was launched under the Cashline name.
By 1980, the Cashline network had become the busiest ATM network in the world in terms of how frequently each machine is used and how much money is taken out each time. Cashline ATMs up until the mid 1980s were usually of De La Rue
De La Rue
De La Rue plc is a British security printing, papermaking and cash handling systems company headquartered in Basingstoke, Hampshire. It also has a factory on the Team Valley Trading Estate, Gateshead, and other facilities at Loughton, Essex and Bathford, Somerset...
or IBM
IBM
International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...
-Diebold
Diebold
Diebold, Inc. is a United States-based security systems corporation that is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems , electronic and physical security products , and software and integrated systems for global financial and...
manufacture, before being progressively replaced by NCR
NCR Corporation
NCR Corporation is an American technology company specializing in kiosk products for the retail, financial, travel, healthcare, food service, entertainment, gaming and public sector industries. Its main products are self-service kiosks, point-of-sale terminals, automated teller machines, check...
machines. Cashline is a member of the LINK
LINK (UK)
LINK is a shared interbank network of automated teller machines operating in the United Kingdom. The network counts 37 member institutions, of which many are various banks and building societies issuing LINK ATM cards, and the remainder are independent ATM operators who do not issue cards...
network, and in 1997 took the step of being available to all cardholders, irrespective of the ATM network their own particular bank belonged.
Cashline ATMs are also exclusively found in branches of Tesco
Tesco
Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...
supermarkets all over the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, operating under the Tesco Personal Finance banner, but with a small "Cashline" below the Tesco lettering.
Largely due to it being the first ATM network in Scotland the word Cashline has become generic among Scots to describe an ATM, as ubiqutous perhaps as the terms "Cashpoint" or "Hole-in-the-Wall" are south of the Border
Anglo–Scottish border
The Anglo-Scottish border is the official border and mark of entry between Scotland and England. It runs for 154 km between the River Tweed on the east coast and the Solway Firth in the west. It is Scotland's only land border...
.