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Globally renowned cash handling equipment provider, Innovative Technology Ltd. (ITL) has continued its rapid expansion and is set to introduce a ground-breaking new banknote validator, the NV200 Spectral. The next step in banknote validation equipment will feature incredible sensing technology that has never before been seen in the industry.In an incredible technological leap, the NV200 Spectral banknote validator is able to capture 100% of a banknote by scanning up to 4.8 million datapoints – a figure that is unmatched by industry competitors. This number is able to be reached due to the full spectral imaging sensors that are built into…

Innovative Technology Ltd. (ITL), a leading cash-handling technology provider is excited to be exhibiting at the International Plus Forum in Moscow. The Forum will be held at the Sokolniki Exhibition and Convention Centre from 5th to 6th October, and is one of Europe’s largest events dedicated to the development of cash circulation, banking and the payment industry. ITL will be showcasing its expanding Retail product portfolio of note handling, coin handling and ticket products from stand number 59 at the show.ITL will be using the occasion to demonstrate their Tamper Evident Bag System, TEBS. TEBS utilises the market leading NV200…

In September 2016, ITL’s Group Sales Director, Mustapha Hadj-Ahmed celebrated 20 years at the company with a so what better time to look back at his time here.Mustapha’s ITL story began in September 1996 after he responded to a newspaper advert, asking for an experienced Salesperson to head up a new Spanish office for an Oldham-based cash handling company that was looking to gain a foothold in continental Europe. Despite having no previous experience in the cash handling industry, Mustapha believed he was ideally suited for the role due to his natural sales ability coupled with his background in electronics.ITL…

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Polymer banknotes were first introduced in Australia in 1988, and proved so popular that more than 30 countries across the world have switched to polymer currency, including Canada, New Zealand, Chile, Vietnam, and as of last week – the United Kingdom. The beloved British ‘fiver’ is being replaced by a brand new polymer banknote, but what exactly is the difference between our current paper notes and these new plastic replacements?Polymer notes are much more durable than paper notes and, on average, will last at least two and a half times longer than their paper counterparts. The use of resistant material…