Innovative Technology Ltd. (ITL) a leading provider of cash handling equipment are reeling from a successful showing at the National Convenience Show in Birmingham. A new event in the ITL exhibition calendar, the company used the show to outline their latest innovation, SafeCash Collect to the UK convenience market.

ITL’s Senior Business Development Manager for Retail & Kiosk, Paul Curley commented, “The show was a great opportunity to display our cash handling range and highlight our latest groundbreaking innovation, SafeCash Collect. The unit combines a secure tamper evident cash bag system with live data and reporting software and is ideal for the convenience store market. SafeCash Collect utilises our flagship NV200 note validator head with a tamper evident cashbag, where uniquely barcoded cashbags provide full audit traceability, eliminating shrinkage and accounting errors. Live Collect provides data and reporting functions detailing cash activity, collections and CIT as well as allowing quick and easy remote updates. SafeCash Collect is ideal for the convenience market so we had to be at the show this year, I’m really happy with the feedback we’ve received.”

The company displayed their NV200 Spectral - the most technically advanced note validator in its class and visitors were impressed with the units spectral sensing technology that scans 4.8 million datapoints, capturing 100% of the note image.

ITL’s next UK exhibition is the Autumn Coin Op at Chelsea FC 11^th - 12^th October 2017 where they will have their full state of the art product range on display at Stand 2.

Ahead of major currency changes we create a SMART Update Tool to ease the update process for customers.

The SMART Update Tool provides all applicable datasets for any given currency across our product range, allowing multiple units in the field to be easily updated with our handheld programmer. To access the latest SMART Update Tools visit Support / Software or visit our Webshop to purchase SMART Update Tools webshop here. 

Individual currency dataset files are freely available to download from the Support / Secure Downloads area of our website. To check individual datasets log in to our website, select your chosen validator product group and currency. Use the blue i symbol for further information.

Useful Resources

DA3 SMART Update Video

Please refer to our You Tube Channel for educational vidoes including a step by step guide to DA3 SMART Update reprogramming. 

Validator Manager

Leading cash handling equipment manufacturer Innovative Technology Ltd (ITL) are celebrating today after being named recipients of a Queen’s Awards for Enterprise: Innovation 2017. The Queen’s Award is the UK’s highest accolade for business success and ITL join an elite group of companies, recognised this year as deserving winners.

Managing Director, Peter Dunlop commented, “We are honoured to receive this award for Innovation. This is the company’s 4^th Queen’s Awards in our 25-year history having previously won in 1997, 1999 & 2014. The Queen’s Awards are one of the most prestigious business accolades in the UK and are only awarded to companies demonstrating the highest level of excellence. The award this year demonstrates that innovation is at the heart of everything we do, something which has been the Company’s Ethos since day one.”

This year Queen’s Awards have been announced for outstanding business achievement in the fields of International Trade, Innovation and Sustainable Development. As a Queen’s Awards winner, Innovative Technology can expect an invitation to attend a special reception at Buckingham Palace with HM The Queen later this year.

Peter went on to say, “This is a historic time for Innovative Technology as we celebrate 25 years in the cash handling industry. As a company, we are experiencing a significant, sustained period of growth, which has allowed us to increase our staff and office locations and expand our product range; cementing our position as a market leader in our field. The Innovation Award was granted for our flagship NV200 banknote validator, sighting it’s modular, versatile design as a real innovation for the cash handling industry. We’re proud to receive the Queen’s Awards and will be celebrating next month when ITL staff from around the world gather in the UK for a day of fun activities and celebrations to mark our 25^th anniversary.”

To find out more about Innovative Technology and their product range visit www.innovative-technology.com.

About the Queen’s Awards

The Queen's Awards for Enterprise are the most prestigious accolades for businesses and individuals in the United Kingdom. The winners are announced each year on 21st April, Her Majesty The Queen’s birthday. The corporate awards recognise outstanding achievements by UK companies inthree categories: International Trade, Innovation and Sustainable Development. Each Award is valid for five years and winners are invited to a reception with HM The Queen at Buckingham Palace.

IN THIS BULLETIN: NV9 USB+ Firmware Version 3.71 released, NV10 USB+ Firmware Version 3.42 Released, SMART Coin System Firmware Version 1.14 Released, SMART Hopper Revision 30 Released, Currency Dataset Downloads, NV9/NV11/NV12 Mounting Bracket, New €50 release - 04/04/2017, Removal of old £5 from circulation - 05/05/2017 and New £1 coin - 28/03/2017. 

The new €50, the fourth banknote in the Europa series, starts circulating today, the European Central Bank (ECB) announced.

Marking a further step towards making euro banknotes even more resistant to counterfeiting, its security features include a portrait window near the top of the hologram which becomes transparent when looked at against the light. The window reveals a portrait of Europa, a figure from Greek mythology, which is visible on both sides of the note. The same portrait is also visible in the watermark, alongside the emerald number, which displays an effect of the light moving up and down when the note is tilted. The note also includes raised print for the visually impaired. 

“Even in this digital age, cash remains essential in our economy,” Mario Draghi, President of the ECB said. “A soon-to-be-published survey on cash use, carried out on behalf of the ECB, shows that over three-quarters of all payments at points-of-sale in the euro area are made in cash. In terms of transaction values, that’s slightly more than half.”

The €50 is the most widely used euro banknote denomination. With over 9 billion of them in circulation, they account for 46% of all euro banknotes. The €50 banknotes of the first series will remain legal tender and continue to circulate alongside the new notes and will be gradually withdrawn from circulation.

New €100 and €200 banknotes will be issued at the beginning of 2019.

source: European Central Bank

Innovative Technology Ltd (ITL) joined industry professionals at FER Interazar, Madrid, where they exhibited their full product range at the show including their innovative coin & note handling products and ticketing solutions to the Spanish gaming market.

José Garcia Escudero, Technical Sales Engineer, commented on the show saying, ‘We were overwhelmed with the amount of interest we had surrounding our products at the show. Many customers were interested in the NV200 Spectral and impressed with the units sensing technology which scans 4.8 million datapoints, capturing 100% of the note image. We have been demonstrating the units spectral sensing throughout the show and visitors have been amazed at the unit’s capabilities. It’s a real game changer and shows that innovation and technology are at the center of everything we do.’

As well as the NV200 Spectral, ITL’s TITO solutions also proved to be a hit amongst visitors especially the NV12+, which utilizes a revolutionary compact validator and ticket printer delivering a market leading ticketing system. Staff on the stand were able to talk visitors through the units capabilities and its benefits to the sports betting industry.  This helped customers to understand how ticketing systems can be easily implemented into their machines. ITL have had success in the Spanish market with operators looking to utilize ticketing into their operations.   

ITL will be exhibiting at the National Convenience Show in Birmingham, from 24-26^th April on stand: U81 as well as exhibiting at EU’Vend in Dusseldorf, Germany from 27^th-29^th April on Stand No: Hall 9.1  A048/B049. 

Leading cash handling equipment provider, Innovative Technology Ltd. (ITL) will be exhibiting at The China Vending and Self Service Show on the 26^th – 28^th April. The company will have their innovative range of cash handling products on display for visitors at Stand No: W1F01A.

Highlights on the stand will include the CBA9 which is a versatile bill acceptor that has been specifically designed for use in the China, demonstrating the company’s commitment to the local market. The CBA9 offers exceptional field reliability and its enhanced sensing technology yields a high acceptance rate for RMB. The CBA9 boasts a quick transaction time and improved note-to-note processing capabilities. Due to the product’s modular design, the CBA9 can be upgraded to add a ticket printer or a note recycler to suit any customer’s need.

Business Development Manager for Asia, Sean Wang said “The China Vending Show is a highlight for us here in China, the show is significant in developing our brand in the Asian Vending market. With such an extensive product range we will present a number of popular bill validators to the Chinese Vending market demonstrating our dedication to providing high quality cash handling products. I’m really looking forward to talking to visitors about the CBA9. We have listened to exactly what our customers wanted from a bill acceptor and the CBA9 was designed exclusively for China and fully supports MDB for the vending industry.”

The company will also be showcasing their range of SMART coin and note handling products, including the SMART Payout; an unrivalled mixed denomination note recycler for high value applications.

The company’s newest product, the NV200 Spectral will also be on display at the show. Whist the unit is not aimed at the vending industry directly, visitors are set to be impressed with the unit’s sensing technology which scans over 4.8 million datapoints (a figure which is unmatched by industry competitors) capturing 100% of banknotes.

Join the ITL team at Stand No:W1F01A in Shanghai, China.