Tag Archives: Innovative Technology

Innovative Technology (ITL), a provider of cash handling equipment and AI-powered biometric solutions, is celebrating an inspiring 30 years in business this year. Founded in 1992 by David Bellis MBE, the Oldham based firm was created with the aim to design and manufacture cost effective banknote validation equipment.  In 1994 the company launched its first…

Leading cash handling equipment provider Innovative Technology Ltd. (ITL) are pleased to announce their newestTrading Partner, Eltrade Ltd., based in Bulgaria. Eltrade Ltd. is a leading, global manufacturer of electronic devices and POS equipment. They provide electroniccash registers, retail software and professionally developed solutions for management of retailers and retail chains. Sasha Kragulj, Business Development…

Innovative Technology have announced that Andy Bassam, one of their established customer support personnel based at their UK had office, is celebrating 10 years’ service with the company this month. Following a series of promotions over the years, Mr. Bassam now holds the position of VP of Customer Support. Innovative Technology is an international cash…

Innovative Technology Ltd. (ITL) is pleased to announce independent approval from the Bank of England for theirNV200 Spectral note validator during the Bank’s recent testing of automatic banknote handling machines. TheBank of England machine-testing framework enables manufacturers to test their machines with circulation andartificial counterfeit banknotes to ensure they only accept genuine banknotes. The NV200…

Innovative Technology, who provide a range of biometric solutions designed to estimate age, have been approved as a participant in a UK Government programme piloting age verification technology for the retail sale of alcohol. The Home Office invited organisations to propose digital methods of checking customers’ ages while purchasing alcohol. The regulatory ‘Sandbox’ trial which…

Leading cash handling provider, Innovative Technology, are celebrating a key milestone for their Director of New Product Introduction, Chris Robinson. Mr. Robinson has been promoted a number of times during his 15 years at ITL as thecompany have expanded on a global scale. Peter Dunlop, Group Managing Director for ITL, said: “Chris became NPI Director…

Innovative Technology has launched its latest biometrics solution, ICU Lite, a compact version of its ICU Pro, enabling operators 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…

Innovative Technology has established a service partnership with Alphonic Technology, a trusted provider of reliable automated cash handling solutions based in Kuala Lumpur, Malaysia. Alphonic Technology service and repair cash validation machines for various industries such as Amusement, Transportation, Gaming and Retail & Kiosk. Kravitz Liew, Business Development Manager for Southeast Asia, said: “We have…

Despite India’s government implementing schemes, such as the demonetisation of all 500 and 1000-rupee notes in 2016, to encourage the country to go cashless, there is still high demand for banknotes. According to the Global Cash Index, cash continues to hold a significant role in Indian culture and is seeing growth rather than decline, cash…