When selecting automated payment systems there is one company clearly leading the performance and reliability race – Innovative Technology. How are they doing this?

Innovative Technology was founded back in 1992 with one purpose – to be the worlds largest supplier of automated payment products, in particular bank note payment or note validators. Since the early days when the radical NV1 was introduced, the world’s first true multi-currency note validator, Innovative Technology has steadily grown its market share. Now there are 1.7 million Innovative Technology note validators in over 80 different countries around the world, with an annual output of 200,000 units per year and growing.

Innovative Technology did this by concentrating on one thing: what did the customers want from a note acceptor? There are the three obvious functions – accept all the real notes, reject all the false notes and never be fooled by thieves.

But there is another role that is even more important in the long run – trust in the company that provided the equipment. All note validator manufacturers will claim their products are the most reliable, best acceptance etc etc. However few can prove it and more importantly, even the best get caught out occasionally by fraud of some kind – that’s when you find out if you invested wisely in your chosen payment system company.

Innovative Technology has grown its business with three beliefs: Get the best technology available – sensing, mathematics, design, and process control; Use the knowledge to make the best value for money product possible – very high performance, low costs, and high reliability; Sell and support the product through close direct sales to the manufacturer, distributor and operators of automated payment products – know the customer, help the customer.

Innovative Technology found that there are over 65 different physical phenomena that can be utilised to test a bank note, however the practicality at this time, is that optical technology with multiple wavelengths gives the best value for money and long-term stability. The more exotic methods, magnetic and capacitive techniques alone, tend to be easily overcome by fraud and do not justify the extra costs.

Our note validators, to recognise 99% of real bank notes first time, and reject all known false or fraud objects. It’s a big claim but it has been tested by independent companies and laboratories against many of our competitors and been found correct. Innovative Technology note validators are the only products that do truly global currencies – for example a United Kingdom currency: English, Scottish and Northern Ireland, all notes, all faces, all ways in one unit.

To utilise all this technology, Innovative Technology pioneered the use of advanced engineering plastics. The assembly plants in three countries use the best available design and production techniques.

Innovative Technology has subsidiary sales and service companies in USA, Brazil, Columbia, Germany, Spain, and China – the Automated Transactions group of companies. The staff at Automated Transactions worldwide concentrate on providing the highest level of customer service regardless of the size of the customer and can discuss your application in over 14 languages.

To Innovative Technology every customer is equally important. If you buy one unit a year or 10,000 a year, every one matters. By keeping a close working relationship with you the customer, Innovative Technology has been able to apply the experiences learnt from 14 years and 1.7 million products in use around the world in over 80 countries, to create the best performance and best value payment devices in the world.

Using our latest generation NV9 and NV10 products in your applications will make sure your products give the best service to your customers. And you can be assured that we will always be there.

Innovative Technology – Intelligence in Validation – A company you can trust. See us at ICE stand 3720 to find out even more benefits of working with Innovative Technology – there’s a lot more to hear about…

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