ITL is pleased to announce the launch of the NV10 USB+, a next generation compact note validator that has evolved from the popular NV10 USB. The NV10 USB+ aims to improve on the high quality of the current generation and combines a compact, stackerless design with proven field reliability.

The NV10 USB+ is ideal for operators that are faced with space constraints due to its aforementioned compact size, which means it can be fitted into most machines. The unit is perfectly suited for amusement and vending applications due to its size and its ability to accept over 100 different world currencies.

Andy Bullock, Business Development Manager said “We are expecting to have similar success with the NV10 USB+ as we had with the launch of the NV9 USB+. The new units include enhanced sensing technology and will now be future proof against any threats that may occur over the products life cycle. Furthermore, the additional sensors will allow further improvements to security, reliability and overall performance moving forward.”

Although, the technology has been updated inside the unit, the NV10 USB+ retains identical external dimensions to the NV10 USB, therefore no modifications will be required on existing machines using the NV10 USB.

Find out more about the NV10 USB+ on ITL’s product page here.

IN THIS BULLETIN: BV50 firmware version 4.14 released, NV10 USB firmware version 3.40 released, NV10 USB+ coming soon, Validator Manager version 4.4.0 coming soon, ECB Approval, £5 polymer note update, New £1 coin announcement

ITL Americas has recently completed a move into brand new office space, located in Pewaukee, Wisconsin, to provide sales support to our new and existing customers in the USA, Canada and Mexico.

VP of Sales for the Americas, Rebecca White, said “This new office will take ITL Americas to the next level in terms of the service we can provide to our customers. The US team has expanded in the past year and our new premises will allow us to continue securing talent in key positions, growing the branch.”

Innovative Technology Ltd (ITL) has been manufacturing ‘State of the Art’ cash handling solutions for over 23 years from their head office in Oldham, England and the US branch is the latest global office for the company, which operates from nine different locations. A market leading supplier to the International Gaming, Amusement, Vending, Retail & Kiosk industries, the company boasts a product range of cash handling products that includes bill acceptors, recyclers, multi-coin hoppers and ticketing solutions.

Rebecca continued by highlighting some of the company’s US products, “The BV50 bill acceptor was designed specifically for the dollar with up or down stacking to hold between 300 and 1100 bills, whereas the BV50 is ideal for amusement and vending machine applications. The CR-158 is a compact coupon printer with a bezel created for the US market. The unit's high quality Seiko print mechanism is field proven and free ticket template software allows unlimited branding opportunities for operators.”

Mustapha Hadj-Ahmed, Group Sales Director for ITL, said “The company has expanded rapidly over the past five years and the US office is just the latest office opening worldwide after Italy and Australia, bringing our total number of locations worldwide to nine. We are excited by the potential opportunities afforded by the launch of the Wisconsin office and we look forward to providing an excellent level of service to our customers in the Americas.”

The Bank of England unveils its first polymer note Today, Bank of England Governor Mark Carney unveiled the design of The New Fiver which will be issued on 13 September 2016. The New Fiver is the first Bank of England note to be printed on polymer, a thin flexible plastic, and will feature Sir Winston Churchill. The New Fiver is cleaner, safer and stronger. The introduction of polymer banknotes allows for a new generation of security features which make it even harder to counterfeit, details of which are set out below. The note is also resistant to dirt and moisture and so remains in much better condition for longer. The strength of the polymer material means that The New Fiver is expected to last at least 2.5 times longer - around 5 years - even after being folded into wallets and scrunched up in pockets.

The New Fiver, the first of the Bank’s polymer notes, is cleaner, safer and stronger. It incorporates advanced security features making the notes even harder to counterfeit. The polymer is also harder wearing, as well as resistant to dirt and moisture, so we expect it to last for at least 2.5 times longer.

The New Fiver’s security features include:

• A see-through window featuring the Queen’s portrait. The border of the window changes from purple to green.
• The Elizabeth Tower (or Big Ben) shown in gold foil on the front of the note and silver on the back.
• A hologram which contains the word ‘Five’ and changes to ‘Pounds’ when the note is tilted.
• A hologram of the coronation crown which appears 3D and multi-coloured when the note is tilted.
• A green foil hologram of the maze at Blenheim Palace, Churchill’s birthplace and ancestral home.
• Micro-lettering beneath the Queen’s portrait with tiny letters and numbers that are visible under a microscope.
• The words ‘Bank of England’ printed in intaglio (or raised ink) along the top of the note.

The New Fiver will be issued on 13 September after which point paper £5 notes will be gradually withdrawn from circulation as they are banked by retailers and businesses. The public can continue to spend paper £5 notes as usual until May 2017 after which they will cease to be legal tender. Following this, paper £5 notes will still be exchanged at the Bank of England. The new polymer £10 featuring Jane Austen will enter circulation in summer 2017 followed by the J.M.W. Turner £20 note by 2020. The decision to move to polymer followed an extensive research programme and public consultation. Of the public who responded to the consultation 87% were in favour of the change. Further details about The New Fiver can be found on www.thenewfiver.co.uk