Innovative Technology, a leading global provider of cash handling technology to the gaming, amusement, vending, retail and kiosk industries, today announced that its range of banknote validators has received independent certification from the European Central Bank (ECB).

 

Innovative Technology’s banknote validators have received ECB approval for their ability to recognise genuine and counterfeit Euro banknotes. It’s NV9 USB+, NV10 USB and NV200 banknote validators were tested at De Nederlandsche Bank in Amsterdam and all achieved 100% in the test. 

 

Dr Matt Strong, Research Manager at Innovative Technology commented: “Our banknote validators have again identified 100% of the genuine and counterfeit Euro banknotes. This is particularly pleasing as it’s the first ECB test to include SPF3 technology, our next generation banknote validation algorithms, which utilises much more real banknote data than previous versions. We’re constantly developing our mathematical techniques and global currency datasets to ensure we remain at the forefront of validation technology, so it’s great to receive this independent certification from the ECB.”

 

SPF3 contains Innovative Technology’s latest banknote validation algorithms, extracting features from more data points than ever before to quickly and accurately distinguish genuine from counterfeit notes. This update in SPF™ technology increases the resilience of Innovative Technology’s products to counterfeit banknotes whilst maintaining their industry leading speed and accuracy.

 

The test results, which are published by the ECB to assist banknote users when selecting appropriate counterfeit detection equipment, can be found online here.

 

Innovative Technology will issue new Euro datasets later this month containing the new €20 banknote which is due to enter circulation on the 25th November, providing customers across Europe sufficient time to update validators in the field.