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Items filtered by date: February 2022

From March 15-17, Madrid will once again become the world capital of the gaming industry with the 38th edition of “Feria Internacional del Juego” - International Gambling and Gaming Trade Show. FIJMA 2022 will bring together international companies and manufacturers of slots and gaming equipment with the world’s leading representatives of the sector in Hall 7 of IFEMA.

The Spanish team at Innovative Technology will be exhibiting their latest offerings on stand #A8 and plan to have their cash recyclers and coin handling products centre stage, as well demonstrating how their biometrics solutions can be utilised to benefit the gaming industry.

Mustapha Hadj-Ahmed, ITL Sales Director commented, “FIJMAin March will be the first exhibition in the ITL calendar this year after a number of hi-profile postponements, so we are very much looking forward to meeting with other industry professionals and gaming operators in person. Usually biannual, the event this year is long overdue, the first since 2019, so it's even more important to get all of the main players from the Spanish Gaming industry together again.”

Mustapha added, “We are looking forward to showing how combining our compact note recycler and advanced coin recycler, NV22 Spectral (NV22S) and Smart Coin System (SCS) gives Operators the best fit for cash handling efficiency for gaming machines in Spain. The compact NV22S fits into most existing gaming machines and can store and recycle up to 40 mixed denomination notes helping to reduce coin starvation to keep machines running. It is a unique product due to its multi note recycling capabilities, any note can be paid out, not just the last note in and Spectral Technology delivers outstanding protection against fraudulent and stained notes.  The SCS coin validator, mixed coin hopper and recycler in one enables bulk and single coin inserts. With a large capacity of 1400 coins (€1 coins), customers have reported significant machine uptime improvements. Using both SCS and NV22S units combined gives the Operator considerable float management savings by reducing float levels by up to 30% and a reduction in refill times by at least 50%, saving time, resources and costs for your business.”

ITL have launched several biometric solutions over the past few years. ICU Intelligent Identification uses facial analysis technology for age verification & face recognition.

Continuing Mustapha said, “We will also demo both ICU Pro and ICU Lite. Using non-intrusive facial analysis technologies customers can control access and perform age verification at entrances to gaming venues or at individual machines or betting terminals.With world leading accuracy, offline usage and no recurring transaction fees, ICU is a cost-effective biometric solution available to all.”

Concluding Mustapha said, “We have very strong relationships with our Spanish customers so will proudly have our validators displayed on several of our customers’ stands at the show too. Our team will be on stand #A8 so come along and see how ourcompact, affordable peripherals can generate more profit and real operational efficiencies.”


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UK based cash handling provider, Innovative Technology (ITL) have secured several distribution suppliers for their CashGenic hygienic cash automation solution both in the UK and throughout Europe including Germany-based PerfectMoney.  

Commenting on the success of the roll-out, Thorsten Labusch, VP of Sales said, “We are delighted with the fast pace of the CashGenic partner acquisition programme. It was first launched in May 2020 during the COVID pandemic to enable customers to pay with cash hygienically and safely. One of our partners, PerfectMoney, an innovative payment solutions provider based in South Germany are proudly building their own machines which they have rebranded ‘Vicky’. This high-performance, smart cash dispenser has space-saving dimensions so fits onto any counter making installations quick and easy.”

Christian Dieterich, CEO, PerfectMoney commented, “Last year we made the decision to expand our product portfolio to include ITL’s CashGenic kit built into our own payment machine. We are pleased with the success of the roll-out so far with several businesses reporting an uplift in cash takings after Vicky was installed. Although COVID may have initially triggered this development for hygiene reasons to reduce staff handling money, it brings many more advantages to the retailer. Securing cash payments, reducing accounting errors and cost efficiency continue to be key for the retail industry. Plus, cash remains the preferred payment of choice here in Germany, so we foresee take-up growing significantly over the coming years.”

One such customer, Rolf Otto from Harley-Davidson, based in Viersen commented on his motivations for buying the PerfectMoney Vicky cash machine, “The time we save justifies the device alone. I would definitely recommend it, especially in retail, even just for the additional security it gives.”

Thorsten concluded, “PerfectMoney are working with various retail outlets such as butchers, bakers, food trucks, farm shops, takeaways, fast-food restaurants, motorcycle shops, pharmacies, coffee shops and opticians to implement Vicky as their point-of-sale solution. Cash handling can traditionally be time-consuming, resource heavy and expensive. By automating payment processes retailers can eliminate cash register handovers and staff no longer need to count cash as the machine automatically does this, therefore saving time and generating greater efficiencies for the business. Following the success of our partnership with PerfectMoney, we are collaborating further, enhancing our relationship with them to supply a broader range of our cash handling products in the future.”

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Innovative Technology Ltd. (ITL) are pleased to announce independent approval from the Bank of England for their NV200 Spectral note validator during the Bank’s recent testing of automatic banknote handling machines.  The Bank of England machine-testing framework enables manufacturers to test their machines with circulation and artificial counterfeit banknotes to ensure they only accept genuine banknotes.

The NV200 Spectral is a highly secure and technologically advanced banknote validator; using ITL’s hyperspectral technology to offer complete note image capture to authenticate the validity of notes.

James Beswick, Customer Support Manager for ITL commented on the results, “We are proud to have passed the Bank of England’s strict (MTF 2.0) testing process this year and been awarded a Gold Standard approval – the highest level given. The results independently acknowledge the reliability of our NV200 Spectral for its ability to identify genuine banknotes and reject counterfeit notes and we are delighted with the 100% pass granted.”

“Across our whole product range, we are constantly developing our global currency dataset files to ensure we maintain our leading acceptance rates. Customers can always download the latest files from our website free of charge.”

Every month, the BoE publish the test results and an updated list of models and software versions that meet their standards. The test results are published to help business make informed choices about the counterfeit detection equipment most suitable for their needs. The full listing of the test results can be found on the Bank of England website here.  

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