Cash handling security in the Retail and Convenience sectors is now a key factor and in accordance with this increased level of awareness, Innovative Technology Ltd. (ITL) has introduced the Tamper Evident Bag System (TEBS). TEBS, a state-of-the-art cash-in-transit system, is at the forefront of cash security technology and revolutionises the way in which cash is handled. TEBS validates banknotes in the exact same manner as ITL’s other popular validators. However, after the banknote has been validated and accepted it is directed into a secure tamper evident cashbag, a preventative measure to discourage anyone from interfering with the cash. Each cashbag can be identified by an individual barcode that when scanned will show the exact amount of cash that is stored in the bag.

The security of TEBS is rooted in its ability to eliminate physical cash handing. Once cash has been accepted at the point of sale it is not touched again by human hands until it has reached the bank or corporate sorting office.

TEBS allows the full traceability of cash from the point of sale, so retailers can always know the exact amount of cash that has been taken in store. In keeping with the modular design of other ITL products on the market, the TEBS unit can be modified to offer a note recycling function, delivering unrivalled mixed denomination note recycling that maximises cash efficiency and reduces the float levels required to keep cash registers operational.

ITL’s Senior Business Development Manager, Paul Curley said “TEBS is our state of the art cash in transit system that prevents cash shrinkage, whilst also presenting a fast return on investment for adopters of the system. The system was developed to allow closed-loop accounting by minimising the number of times that cash is handled by staff and transport companies. This allows for full traceability of cash from the point of sale, so companies can always know how much cash is in their store. Additional security features include a ‘dual-lock’ system that requires two keys (one physical, one electronic) held by separate individuals to open the TEBS unit.”

The technology to connect multiple TEBS units will soon be made available by ITL and will allow retailers to be aware of the current state of cash throughout their store, providing information on cash levels in each TEBS unit. Visit the News section on the ITL website for updates.

For more information regarding TEBS, visit the Products page of the ITL website.