ITL preview latest retail cash handling innovations at International PLUS-Forum 2018

Innovative Technology's latest innovations on show are set to revolutionize the cash handling processes for retailers creating greater efficiencies and cost savings for the sector.

Georgiy Frolov, ITL Business Development Manager in Russia, commented, “We will be previewing some new products designed for the retail and banking sectors and our NV200 Spectral – the most technically advanced note validator in its class will once again take centre stage on our stand. This Central Bank of Russia (CBR) certified banknote validator has state of the art spectral sensors which offers complete note image capture by scanning over 4.8 million datapoints 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. It also delivers outstanding fraud protection by using optical and mechanical anti-strimming technology. Plus, add-on modules allow note recycling or ticket printing capabilities for further cash handling efficiencies.”

Georgiy concluded, “Our products are designed to help eliminate shrinkage and accounting errors, dramatically reduce cash in transit collection costs and provide full audit traceability - key features for the retail, banking and self-service sectors. We look forward to seeing everyone at the PLUS Forum event to explain how our closed loop systems can assist retailers to optimise their cash handling across their entire organisation.”