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Items filtered by date: June 2021

The NV9 Spectral note validator from cash handling provider Innovative Technology is well-established in the market as a highly secure and technologically advanced compact banknote validator designed to ensure efficient, automated cash processing. The NV9 Spectral range has the added bonus of stained note detection and optical and mechanical anti-strimming technology which delivers outstanding protection against fraudulent notes.It forms the basis for new products in the ITL Spectral range and using its modular design, allows customers to easily add additional functionality such as multi-note recycling.  Global installs are on the increase in a wide range of applications and vertical sectors.

Andy Bullock, Senior Business Development Manager for ITL, commented, “The NV9 Spectral is gaining momentum particularly in the gaming, amusement and vending industry where customers value the high level of security this validator brings in a compact size and at a mid-range price. Advanced spectral sensors provide high resolution imaging to authenticate the validity of notes, so detects stained and fraudulent notes effectively. It also offers our customers versatility and can be mounted horizontally or vertically, with cashbox and bezel options to suit all applications. Boasting easy, free firmware updates andmicro-SD card for data logging this validator gives customers fast note to note processing time to speed up transactions.”

Andy continued, “Many of our customers in the UK and Europe are also keen to add recycling capabilities via a compatible note float module (NV11 Spectral or NV22 Spectral) to keep machines running; ensuring float levels and downtime are reduced. A choice of note float modules is available depending on whether single (NV11S) or multi note payout is required (NV22S) to maximise cash efficiency, reduce coin starvation and significantly reduce operational costs.”

The NV22 Spectral offers multi-note recycling and is ideal formedium volume applications with limited space. This compact note recycler which combines a true ‘Multi-Note Float’ (MNF) payout unit with Innovative’s NV9 Spectral banknote validator.

Jose Garcia Escudero, Business Development Manager for ITL Spain commented, “NV22S is proving popular in Europe, especially in Spain. Spanish Operators have reported a massive 50% reduction in refill and collection time and up to 30% reduction in float levels required. Customers are impressed by this 40 mixed-denomination note recycler which can store and payout all denominations from a given currency and is not limited to just one or two notes. As well as improving operator profitability and lowering operational costs, all notes in the MNF can be transferred to the cashbox for easy, low-cost collection. Another key benefit is its space-saving design; the compact units will fit into most existing machines making integration and installation quick and easy.Its enhanced recycling capability will be a key benefit for operators, maximisingup-time by using existing notes for change or prizes.”



Published in News

Innovative Technology have launched their latest biometrics solution - ICU Lite. A compact version of their ICU Pro, it enables you to add age verification & facial recognition-based functions to a machine via a convenient, plug-in USB device. Using biometric technology and Artificial Intelligence (AI) algorithms, ICU Lite connects to your individual host machine or terminal such as kiosks, self-checkouts or gaming machines.

Commenting on the new product Dr Andrew O’Brien, ICU Product Manager said, “We are delighted to bring this product to market after a period of intense product development to create a compact biometric solution. Our ICU Intelligent Identification technology has been developed over a number of years and our ultimate goal was always to be able to offer high quality biometric measurements in a low cost, easy to use solution.  ICU Lite is easily integrated into a host machine. You simply connect a camera to the Lite and plug the Lite directly into the host machine. All processing is done locally on the ICU Lite so no additional processing power for host machines is required, and an internet connection is only needed for set up and updates. Functions include age verification, facial recognition, face covering detection and gender identification, and each ICU Lite can be customised with 2 of these functions depending on your specific need.”

Christian Czeskleba, Senior Business Development Manager for ITL commented, “The benefits of ICU Lite are impressive. Installed at machine-level, it can be utilised in a variety of terminals such as kiosk, self-checkout, gaming machines, vehicles or cash safes - anything with restricted access. It protects children from accessing age restricted goods or services, staff from intimidation or abuse, identifies premium or excluded customers and allows authorised staff access to machinery, vehicles or even safes. Lite can be used as a multi-factor authentication tool using 1:1 comparison to verify users’ identity, comparing ID photographs such as a passport or driving licence to the person presented to the camera. It can also be utilised for financial services to assist with Know Your Customer (KYC) obligations ensuring customers are who they claim to be. Plus using gender identification, organisations can take advantage of targeted advertising.”

Andrew concluded, “This edge solution can transform your standard USB camera into a Smart Camera to intelligently identify your customers with a world class level of accuracy and speed. Spoof detection comes as standard, and as with all ICU products configuration is via the user-friendly management suite.  Facial recognition does not have to be complicated. ICU Lite makes these smart functions accessible to all in a compact, affordable solution. It has a one-off cost with no reoccurring charges making this an inexpensive way for any business to utilise the advantages of biometric technology, no matter what their size or available resources.”


For more information visit www.intelligent-identification.com


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IN THIS BULLETIN: Bank Of England £50 Polymer Currency Datasets Released 




Published in Technical Bulletins

Leading cash handling provider, Innovative Technology (ITL), are delighted to welcome Yap F. Lim into the role of Business Development Manager for Southeast Asia. Yap is based in Malaysia and will be responsible for sales activities in the growing SE Asia region. 

Welcoming Yap to the organisation, Marcus Tiedt, Sales & Marketing Director for ITL said, “Yap will be responsible for securing new business opportunities throughout this vast area. He will work alongside Kravitz Liew and our team in China to explore this growing market and introduce Innovative’ s product range to new customers. Yap joined whilst in the middle of the COVID pandemic so unfortunately has been unable to visit all customers, but he has a wealth of industry knowledge and will be a great asset in the region.”

Commenting on his role Yap said, “I am excited to take on this important role. ITL is a very innovative company and is in the process of introducing a lot of new products utilising their Spectral Technology so now is the perfect time to join the team. I have over 10 years’ experience in this industry, so I look forward to bringing my in-depth knowledge to successfully enter different vertical markets. My established contacts gained after a lengthy period of working in the cash handling industry will certainly help in my new role to gain market penetration in the region. I look forward to introducing our key products to the emerging markets of Southeast Asia and to meeting new and existing customers over the coming months.”

Concluding Marcus said, “Yap and Kravitz are responsible for all sales activities in SE Asia, identifying sales opportunities, securing new business, formulating sales strategy, and establishing local Trading and Service Partners. I think they will make an excellent team and I look forward to seeing growth in the region.”


New BDM in SE Asia

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