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Items filtered by date: January 2019
Innovative Technology Ltd (ITL) are proud to announce that the NV200 Spectral has once again received independent validation from the Central Bank of Russia (CBR).  The CBR grants approval to validators that can successfully recognise the difference between genuine and counterfeit banknotes. The unit passed the test with flying colours and was able to find all required security features, correctly identify them, and reject all manipulated notes. 
 
Georgiy Frolov, Business Development Manager for Russia, commented on the success, “We are obviously delighted with the outcome as the CBR test is notoriously stringent, so we were very pleased to hear the news that we passed at the end of 2018. The Russian Bank test proves the high level of performance which the NV200 Spectral has and gives the unit independent credibility. The unit received CBR endorsement when it was first launched in 2016 but since then two new denominations (which have a completely different structure), have been introduced - making it even more challenging. Passing the 2018 test is a testament to the hard work of the team at ITL who made this possible.”
 
The NV200 Spectral is a highly secure and technologically advanced banknote validator. State of the art spectral sensors offer complete note image capture (highest spectral coverage) to authenticate the validity of notes. The unit boasts 99%+ first time acceptance of new and street grade notes with a note to note processing time of 2 seconds.
 
The unit contains several security features including optical and mechanical anti-strimming technology that delivers outstanding fraud protection. The NV200 Spectral’s cutting-edge note centring mechanism, together with 4-way barcode acceptance bring the user exceptional note handling and increased ticket acceptance rates. 
 
Georgiy concluded, “Passing the CBR test means that we can keep growing our business in Russia and the surrounding former CIS countries which are key areas of growth for us.  This Russian Bank approval confirms to our customers that the NV200 Spectral really is the most technically advanced note validator in its class; we look forward to seeing an increase in interest over the coming years in the region.”
 
More details can be found here on the CBR website
 
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Innovative Technology Ltd. (ITL), the leading cash handling equipment provider, will be exhibiting at ICE Totally Gaming 2018 on 5-7th February at ExCeL in London.  The company will be using ICE to preview some of their new, next-generation recycling products to the gaming industry.

Enrique Jütten, VP of Sales & Business Development commented, “ICE is the biggest event in the European gaming exhibition calendar and we are very excited to be participating again at the 2019 show. Our presence at the show is key to ensuring we stay at the forefront of this highly dynamic and fast changing industry. This year taking center stage on our stand will be some new recycling products, featuring our cutting-edge Spectral technology. The new recyclers will offer mixed denomination note recycling with large capacity storage capabilities.”

Security is a major part of product development for ITL. The use of Spectral Technology in their validators provides full note high resolution imaging giving Operators unrivalled note detection. In addition, optical and mechanical anti-strimming technology delivers outstanding fraud protection.

Enrique continued, “We look forward to discussing Live Collect with ICE visitors. Our new system Live Collect, revolutionises collection routines for Operators and we expect a lot of interest from the industry! We can enable Operators to optimise their cash handling, giving access to real-time data and detailed status reports across multiple sites for full machine audit traceability - maximising collection efficiency.  At the top level it uses the cash handling features of both the NV11 note recycler & SMART Coin System (SCS) in a smart connected way.  Live Collect utilises all of the multi coin validating and smart float features of the SCS and can bring the Operator a host of additional benefits. Cash levels in the validator cashbox, hopper and recycler are visible in real time and can be used to schedule more efficient collection & refill visits, significantly reducing machine collection times even further, resulting in a more productive use of staff time.”

ITL will also have an array of ticketing products on display including the field-proven NV12, RP-80 and Live Ticket - a retrofit solution for any Gaming Operators intending to implement a TITO system within their business.

Enrique concluded, “ICE is an excellent networking opportunity for us as it brings together all the key industry players in one place and provides us with the perfect platform to showcase our exciting product portfolio to both new and existing customers.  We can’t wait to test out some of our new products with the ICE visitors and show them how they can really maximise cash efficiency and machine up-time. Come along and see the ITL team on stand N1-430 to find out more.”

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Today Innovative Technology the leading provider of cash handling technology, has announced a brand-new innovation, ICU; a state-of-the-art age verification device that automates the policy for controlling access to age restricted purchases and premises. Using intelligent biometric algorithms; ICU verifies age for the purchase of restricted products such as alcohol or over 18 premises such as Adult Gaming Centres.
 
Commenting on the new ICU, Tony Morrison, Sales Director - Retail & Kiosk said, “We are delighted to bring this exciting new product to both the retail and gaming markets where we are already well-known and trusted.  We have used our expertise and some of the technology from our well-established cash handling products and applied this to create an automated age recognition device which uses intelligent biometrics. Automation is key; with retail self-service check-outs a key application where both customers and retailers can benefit from automating the age verification process for restricted purchases, speeding up purchases for customers rather than having to wait for an assistant to approve. ICU is a standalone unit, there is no need for customers to pre-register, providing a seamless service for the end user.” 
 
Artificial Intelligence (A.I.) applied in Biometrics is being widely used in computer science as a form of identification and access control. The camera in ITL’s ICU captures an image of the customer and uses biometric identification to recognise and verify age. It does not store any images or personal data so there are no implications for GDPR and no privacy concerns for the operator. ITL acknowledge that age restrictions for different products and premises vary from country to country. This global product can be easily tailored to meet the age restrictions and specific regulations of any country.
 
Tony continued, “As with all our products, security is high on the agenda. We have ensured that ICU uses the latest 3D anti-fraud system to prevent spoofing attacks. The 3D system allows the unit to distinguish been a picture and the real person’s face, providing reassurance to our customers and preventing spoof attacks. ICU has been on trial for some time now in various applications with excellent results and we know the market will be impressed.” 
 
Expanding on the benefits, Dr. Daniel Lonsdale, ICU Product Manager said, “The data science behind reading and verifying banknotes is highly applicable to automating the age verification process, so we’ve got our 26-year history behind us. There are many benefits to the operator, but the main aim is to improve the customer experience by speeding up the age verification approval process. This in turn will result in increased throughput and revenue as customers move through the purchase process at a faster rate. Implementing ICU frees up staff time, reducing the staff levels required for either age-restricted purchase approvals or stopping entry to age-restricted premises. Lowest cost of ownership is ensured as the software required is included in this standalone unit and there are no 3rd party fees or ongoing costs. No expensive hardware is needed, and integration is simple as the device can mounted horizontally or vertically.” 
 
Daniel concluded, “A.I. is changing our lives in so many ways these days, from note validation technology to our mobile phones, so it is with great excitement that we bring this new revolutionary product to the market to automate the age verification process. Many times, I have waited for (human) authorisation at the checkout for age restricted products, whereas today with ICU, we can know immediately whether a person needs to present ID or not. For the customer, this brings a better experience, for the operator, more income and lower costs, and for the integrator, a considerable product differentiator. It’s win-win-win, and we look forward to working with those who want to adopt this technology. We will be previewing ICU at both NRF in New York and EAG in London in January 2019 and we look forward to the visitor reaction and feedback.”
 
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