Innovative Technology Ltd.’s (ITL) banknote validators have received independent validation from the European Central Bank (ECB). The ECB grants approval to validators that can successfully recognise the difference between genuine and counterfeit banknotes. ITL’ NV9 USB+, NV10 USB and NV200 all received 100% during testing in Amsterdam at De Nederlandsche Bank. 

 

Ben Wright, Lead Currency Support Engineer, said “Once again, we are very proud to have passed the ECB’s strict testing process with flying colours. 100% of the genuine notes were identified and accepted by our validators. As with last year, our validation products included SPF™3 technology, our next generation banknote validation algorithm technology. This year’s approval was of particular importance due to the introduction of the new €20 note last year, which caused a stir in the industry. We have always emphasised the importance of collaborating with the European Central Bank, as their support allows us to ensure our currency datasets are correct and up to date.”

 

The full listing of the test results can be found on the ECB’s website 

 

The currency datasets for all of our validators can be found here and is regularly updated to include new currencies and denominations as and when they are released.