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 the validator. The sensors can accurately discern between authentic and counterfeit notes and boast an acceptance rate of new and street grade notes of over 99%.
ITL’s Technology Director, Dr Matthew Strong, said “Incorporating spectral sensors into one of our products has long been a goal held by myself and the Research & Development team. However, until now the technology was not available to meet our ambitions. The optical sensors not only allow us to capture more of the note than ever before but also help us to prevent fraud manipulations. Our unique security feature extraction ability allows us to isolate specific security features within the note and scan them to make 100% sure of the authenticity of banknotes.”
NV200 Spectral retains the unit’s modular design, allowing additional functionalities in the form of add on modules featuring note recycling, ticket printing or a tamper-evident cashbag. Regardless of which modular add-on component is connected to the NV200 Spectral, the unit retains its industry-leading performance. The Spectral version, however, improves on the previous unit’s note-to-note processing speed and is now able to validate notes within two seconds – improving transaction time and operator profitability. The Spectral retains the exact dimensions of its predecessor but is now able to support a 24V power supply.
Matthew continued “The original NV200 was one of our most popular products and in many ways it is difficult to improve upon. However, we’ve managed to build upon our best in class performance and deliver a product that will truly revolutionise the validation industry. There are many times when a new product or feature is overblown but I can honestly say that the Spectral is a game changer. Now that we have been able to harness to power of spectral sensors, we are going to implement this technology into more of our core products to benefit our global customers.”
The NV200 Spectral will continue to support the SMART Payout and SMART Ticket add-on modules, which have been so well-received by our customers. The SMART Payout is a high-quality banknote recycler. The product can store all denominations from a given currency, effectively eradicating coin starvation and reducing the coin float level required to keep machines operational. The SMART Ticket has capitalised on the recent growth in TITO implementation in the Gaming sector, and is designed to provide customers with a printed barcode ticket that can then be exchanged for cash at redemption terminals.
In the last year, the NV200 Spectral has received independent validation from both the European Central Bank (ECB) and the Central Bank of Russia (CBR). Both banks grant approval to validators that can successfully recognise the difference between genuine and counterfeit banknotes. The unit passed both tests with flying colours and was able to find all required security features, correctly identify them, and reject all manipulated notes. Lead Currency Engineer, Ben Wright commented on the success “We are obviously delighted with the outcome, and in particular with the CRB test due its notoriously stringent requirements.
Matthew also added “We will be officially launching the NV200 Spectral at ICE 2017 in London. We are very excited to present such a revolutionary product and we expect the show visitors to be suitably amazed by its next level sensing technology.”
For more information regarding the NV200 Spectral, please visit our Products page