ITL's ICU & Bunch Note Feeder well received at Russia's PLUS-Forum Banking & Retail show

Innovative Technology (ITL) reported a positive show at the 11th International PLUS-Forum Banking and Retail exhibition at the beginning of October in Moscow. The company said ITL’s Spectral range had positive feedback from visitors, especially the new Bunch Note Feeder (BNF), designed for the high-volume retail and banking sectors. ITL’s ICU was also popular on its stand, this age verification device helps retailers manage the sale of age restricted goods to ensure compliance.

Georgiy Frolov, ITL Business Development Manager in Russia, commented: “The new Spectral Bunch Note Feeder had its first outing in Russia. This unit has a big 2200 cashbox so is ideal for the retail and banking industry, and visitors were impressed with its large capacity 100+ notes tray. Notes enter the validator from the bottom of the note pile so constant refill is available, significantly minimising cash replenishment time as customers no longer need to wait until all notes are fed in before refilling.”

“Smart safe and deposit applications can also add-on the Safe Interface module to prolong the note path and transport the notes into a secure safe environment. This gives customers the ability to gain access to the validator head (and BNF) for maintenance while the cash is securely stored inside the smart safe. The Spectral BNF also has fast acceptance speeds, less than 2 seconds, and successfully lowers operational costs,” Frolov added.

ITL also demoed their NV9 Spectral. This highly secure and technologically advanced banknote validator has state-of-the-art spectral sensors providing high resolution imaging, scanning 1.28 million data points to authenticate the validity of notes giving exceptional protection against fraudulent and stained notes.

Frolov continued: “ICU was a real hit on the stand at PLUS-Forum. This automated age verification device does not require pre-registration or human intervention and quickly and accurately predicts age to determine customers suitability to purchase. It can help retailers avoid unwanted fines and prosecutions and can speed up age approvals, dramatically reducing queues resulting in faster throughput and increased revenue.”

“We enjoyed catching up with PLUS Forum visitors and demonstrating how our banking and retail product range can improve cash handling efficiencies, eliminate shrinkage and accounting errors, reduce cash in transit collection costs and improve the customer experience whilst reducing overall operational costs – with the highest level of security being a prerequisite,” Frolov concluded.