Innovative Technology, the major cash handling technology company, has announced that its banknote validators have received independent certification from the European Central Bank.
The bank recognised the range’s ability to recognise genuine and counterfeit euro banknotes. Its NV9 USB+, NV10 USB and NV200 validators were tested at the De Nederlandsche Bank in Amsterdam and achieved 100 per cent in the test.
Dr Matt Strong, research manager at Innovative, said: “This is particularly pleasing as it is the first ECB test to include SPF3 technology, our next-generation banknote validation algorithms, which utilises much more real banknote data than previous versions.”
IT will issue new euro datasets later this month containing the new €20 banknote that is due to enter circulation on November 25. This will enable customers in Europe time to update validators.
