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The new 12 sided £1 coin will enter circulation Tuesday 28th March 2017. Key Dates28th March 2017: New £1 coin launched28th March - 15th October: Co-circulation period when both coins will be accepted16th October: Demonetisation of the round £1 coin  The current £1 coin was first issued in 1983 and having been in circulation for over 30 years is one of the oldest British coins still in circulation. Over time, it has become increasingly vulnerable to counterfeiting so from March 2017 our beloved pound coin will be replaced by a new 12-sided, bi metallic, thinner £1 coin which will become the most…

Innovative Technology Ltd (ITL) are proud to announce its latest innovation, the NV200 Spectral; a revolution in bank note validators. The NV200 Spectral has received independent validation from the European Central Bank (ECB), Bank of England (BoE) and the Central Bank of Russia (CBR).  The banks grant approval to validators that can successfully recognise the difference between genuine and counterfeit banknotes. The unit passed all three tests with flying colours and could find all required security features, correctly identify them, and reject all manipulated notes.Dr. Matt Strong, Technology Director states, “We are obviously delighted with the outcome, and in particular…

Innovative Technology Ltd (ITL) will be joining industry professionals at the Retails Big Show in 2017, the USA’s largest retail exhibition. ITL will have their innovative range of retail cash handling products on display at the event which takes place in New York City from 15-17th January 2017. Visitors can find ITL in the first-time exhibitor zone at booth 708 where they will proudly outline their retail product range and demonstrate their newest product, ‘TEBS’, a Tamper Evident Bag System. TEBS utilizes the company’s flagship NV200 bill acceptor and boasts add on recycler and ticket printer modules for extra functionality. Once…

Innovative Technology ltd (ITL) will be joining more than 300 companies at EAG 2017, one of the UK’s largest amusement and leisure exhibitions. ITL will have their full cash handing product range on display at the event which takes place at the ExCel, London 17th - 19th January.The ITL stand will display the company’s full product range of innovative note handling, coin handling and TITO solutions and will be manned by staff from their European offices. Highlights for the Amusement industry will include the popular NV9 USB+ note validator with enhanced sensing technology and it’s add on modules the NV11+ for note…