when did cash machines come into use uk
Automated teller machine It is widely accepted that the first cash machine was put into use by Barclays Bank in its Enfield Town branch in North London, United Kingdom, on 27 June 1967.[18] This machine was inaugurated by English comedy actor Reg Varney.[19] This instance of the invention is credited to the engineering team led by John Shepherd-Barron of printing firm De La Rue,[20] who was awarded an OBE in the 2005 New Year Honours.[21][22] Transactions were initiated by inserting paper cheques issued by a teller or cashier, marked with carbon-14 for machine readability and security, which in a later model were matched with a six-digit personal identification number (PIN).[20][23] Shepherd-Barron stated; "It struck me there must be a way I could get my own money, anywhere in the world or the UK. I hit upon the idea of a chocolate bar dispenser, but replacing chocolate with cash."[20]
One pound (British coin) The original, round £1 coin replaced the Bank of England £1 note, which ceased to be issued at the end of 1984 and was removed from circulation on 11 March 1988, though still redeemable at the Bank's offices, like all English banknotes. One-pound notes continue to be issued in Jersey, Guernsey and the Isle of Man, and by the Royal Bank of Scotland, but the pound coin is much more widely used. A new, dodecagonal (12-sided) design of coin was introduced on 28 March 2017 [4] and both new and old versions of the one pound coin circulated together until the older design was withdrawn from circulation on 15 October 2017. After that date, the older coin could only be redeemed at banks,[5] although some retailers announced they would continue to accept it for a limited time.[6] Meanwhile, the original round pound remains legal tender on the Isle of Man.[7]