Latest News

The new €50 will enter circulation on Tuesday 4th April 2017.  We are pleased to inform you that Euro and Euro mixed Innovative Technology currency dataset files, containing the new €50 banknote, are now in our datasets…Innovative Technology Ltd. (ITL) have now updated all applicable ITL EUR datasets ahead of the launch of the new €50 on 4th April 2017. The note is part of the banks continued efforts to preserve the euro as a stable currency. All operators are required to update their cash handling equipment to be able to accept the new issue banknote when it enters circulation; now is the…

Innovative Technology Ltd (ITL), a global provider of cash handling equipment is pleased to announce the appointment of Peter Dunlop as Group Managing Director.Peter has been with the company since 1996 and has been responsible for product development and the product roadmap since 2005. In this time our products have won many awards which reflects Peter’s successful leadership and strategic vision. In this new role he will take full responsibility for the direction and management of the Group.Peter takes over from Aidan Towey, who after 22 years has decided to pursue other interests but has alsomade himself available to affect…

Innovative Technology Ltd (ITL) joined industry professionals last week at the largest retail exhibition in Europe, EuroShop. The company had their innovative range of retail cash handling products on display at the event which took place in Düsseldorf, Germany. The company proudly showcased the NV200 Spectral, the most technically advanced note validator in its class, to the retail market for the first time.VP of Sales & Business Development, Thorsten Labusch commented, ‘We were overwhelmed with the amount of interest we received around the launch of the NV200 Spectral to the German market. Visitors were impressed with the spectrals sensing which…

Innovative Technology’s banknote validators have received certification from the Bank of England (BoE) due to their ability to identify genuine and counterfeit BoE banknotes.The NV9 USB+ (boasting enhanced sensing technology), the NV10 USB+ (compact stackerless validator), the NV200 (a high volume, high security validator) and the NV200 Spectral (the most technically advanced note validator in its class) all received a 100% grade for accepting authentic banknotes and rejecting counterfeits.James Beswick, Customer Support Engineer commented saying, ‘The outstanding result demonstrates the high-level security features of our products as well as our unmatched reliability. We have always emphasised the importance of collaborating…

Leading cash handling equipment provider Innovative Technology Ltd. (ITL) continued their exhibition season with a hugely successful show at Vend Expo, Russia’s largest vending show. The show took place last week in Moscow and attracted visitors from all around the world.The show provided the ideal opportunity for the company to present their market leading cash handling equipment to the Russian vending market. Highlights on the stand included their latest groundbreaking innovation the NV200 Spectral – “The most technically advanced note validator in its class”. The Spectrals sensing system scans up to 4.8 million data points, capturing 100% of the note…