Innovative Technology’s long-standing UK Trading Partner, Maggi Electronics, have created a product showroom, at their head office in Bolton featuring some of ITL’s latest retail offerings. Customers can undertake a complete walk-around experience which replicates a real-life retail setting demonstrating cash handling processes. Maggi Electronics are a large token and change distributor based in the Northwest of England with a trusted service and support centre for electronics. 

Andy Bullock, Senior Business Development Manager commented, “Maggi officially became an ITL Trading Partner at the beginning of 2017, but our working relationship goes back further than that, and over the years we have collaborated on many initiatives.”

“In May 2020, we launched CashGenic, an affordable cash automation solution for those customers wanting to pay by cash safely and hygienically and to enable businesses to adhere to social distancing measures. Since then, we have partnered with CC Dynamic & Maggi who provide the full solution (branded as £XCHEKKA) a compact, all-in-one counter-top device ensuring easy customer access, with pay-in and pay-out managed by staff via a mobile tablet device with no software integration required. Maggi are responsible for the customer installs which are expanding quickly throughout the UK. They had this creative idea to set up a demo showroom so customers can see for themselves the benefits this system can bring to their organisations.”

Chris Woodall, Managing Director of CC Dynamic said, “Customers who have already installed £XCHEKKA are seeing some excellent time and cost savings efficiencies and even more importantly - an uptake in cash payments. Plus, their customers are reacting positively too. At one premises, customers are even bringing cash specifically to have a go at using the new machine! Staff also like it as they no longer need to handle and count change.”

Phil Pritchard, Sales Director from Maggi Electronics said, our ‘Stay safe, Pay safe’ showroom gives customers a real feel for how £XCHEKKA can be used, so they leave with a complete understanding of how the full system operates, simplifying their cash handling operations. Utilising ITL’s Spectral Payout intelligent note recycler and Smart Coin System advanced coin recycler £XCHEKKA ensures the correct change is quickly issued to customers and generates significant staff time savings reducing the need to count and reconcile cash. We are continually developing the demo room and are currently incorporating ITL’s ICU age verification device so that clients can see how this can help prevent the sale of age-restricted goods to those customers underage. We welcome any customers who visit the office to come and take a walk round the demo showroom to see the benefits for themselves.”

CashGenic, the hygienic cash automation from ITL was first launched in May 2020 during the height of the covid-19 pandemic to enable customers to pay with cash both safely and hygienically. Since it was first launched, ITL have secured a number of distribution suppliers in the UK and throughout Europe, who collectively have installed several hundred units in numerous countries including the UK, Germany, Spain, Belgium and Austria.  

Commented on this achievement, Thorsten Labusch, VP of Sales & Business Development said,“We are delighted with the success of CashGenic which was introduced during the height of the COVID pandemic as a solution for those customers wanting to pay by cash safely during a time when coins and banknotes were being incorrectly portrayed as high risk in terms of transmission. Although this was proven inaccurate, the COVID crisis highlighted the need for businesses to continue to accept cash while maintaining social distancing. The technology has been developed by us and the complete system solution is supplied and installed direct from our approved partners using their own hardware.”

“Our partners have developed a full solution that includes our intelligent banknote recycler and advanced coin recycler. CashGenic is an affordable solution with easy installation and no software integration involved. A compact, all-in-one counter-top device it ensures easy customer access, with pay-in and pay-out managed by staff via a mobile tablet device. One year on, and we have over 9 strategic partners spread throughout Europe who together have now installed over 400 units, across 22 different countries and this continues to grow.”

CashGenic can be used in various settings within the retail sector to automate the counting and handling of cash, therefore saving time and generating greater efficiencies for businesses, as well as helping organisations eliminate shrinkage and accounting errors.

Thorsten continued, “Our partners have installed the system at various retail venues including butchers’ shops, toy shops and fish and chip shops, amongst others. One of our partners, Perfect Money, provider of innovative payment solutions based in south Germany are proudly building the machines (renamed Vicky) in Germany. This high-performance, smart cash dispenser has space-saving dimensions so fits onto any counter and Perfect Money customers have reported that several businesses have seen an uplift in cash takings of around 10%.”

Andy Bullock, Senior Business Development Manager ITL commented, “CC Dynamic, our first CashGenic UK supplier, have been rolling out the system (branded as £XCHEKKA) with Maggi Electronics completing the installs. Commenting on a successful installation at the Café Royal in Scotland, owner and National Federation of Fish Friers (NFFF) member John Pagani said, “Overall, it’s been a tremendous success. The £XCHEKKA system is affordable, so much so, we ordered two, one for our indoor café and the other for our take-away. Staff love it, they no longer have to count change and can concentrate on serving the customer to provide excellent customer service rather than worrying about change and having to wash their hands after touching the money and sanitising again.”

If you are interested in working with us and learning more about CashGenic, please contact one of our salespeople at This email address is being protected from spambots. You need JavaScript enabled to view it.