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The Bank of England unveils its first polymer note Today, Bank of England Governor Mark Carney unveiled the design of The New Fiver which will be issued on 13 September 2016. The New Fiver is the first Bank of England note to be printed on polymer, a thin flexible plastic, and will feature Sir Winston Churchill. The New Fiver is cleaner, safer and stronger. The introduction of polymer banknotes allows for a new generation of security features which make it even harder to counterfeit, details of which are set out below. The note is also resistant to dirt and moisture…

 Innovative Technology’s banknote validators have received certification from the Bank of England (BoE) due to their ability to identify genuine and counterfeit BoE banknotes.The NV9 USB+ (boasting enhanced sensing technology), the NV10 USB+ (compact stackerless validator), the NV200 (a high volume, high security validator) and the NV200 Spectral (the most technically advanced note validator in its class) all received a 100% grade for accepting authentic banknotes and rejecting counterfeits.James Beswick, Customer Support Engineer commented saying, ‘The outstanding result demonstrates the high-level security features of our products as well as our unmatched reliability. We have always emphasised the importance of collaborating…

Innovative Technology Ltd. (ITL) has wrapped up an outstanding week at VendItalia 2016, Italy’s largest vending event. VendItalia was held at the Fieramilanocity exhibition and trade centre and attracted visitors from around the world.Business Development Manager, Stefano Mandelli said “The creation of a dedicated sales office in Italy, together with the recruitment of Customer Support Engineer Davide means that we are now ideally placed to support customers across Italy and the wider region. During VendItalia 2016 we received interest in our NV9 USB+ and BV100 validators as well as our compact note recycler the NV11+. I was also pleasantly surprised…

Innovative Technology Ltd. (ITL) have added another prestigious prize to their growing list of achievements within the past 12 months. The Oldham-based cash handling solutions firm was presented with the Manufacturing Innovation Award at the Insider Media Made in the North West awards that took place at Bolton’s Macron Stadium on the 5th May.ITL won the award ahead of five other companies nominated in the category and were lauded for their range of state-of-the-art anti-counterfeiting solutions that wowed the judging panel. The judges were also particularly impressed with the brand new TEBS units, a cash-in-transit monitoring system that allows for…

Innovative Technology Ltd. (ITL) will be returning to VendItalia in May 2016 to display their range of cash handling products. The exhibition will be held at Fieramilanocity exhibition space in Milan, Italy. ITL’s stand at the show will be manned by Business Development Manager for Italy, Stefano Mandelli and Customer Support Engineer, Davide Giusti. ITL has steadily expanded its business activities in Italy since the opening of the firm’s new Milan office in 2014 and this year’s appearance at VendItalia will build upon last year’s successful showing. The ITL stand C43-D44 will feature a number of products with applications in the vending industry, including the NV11+ and…