Innovative Technology’s Smart Coin System has successfully passed the European Central Bank’s test designed to detect counterfeit euro coins.
It is the latest product from the cash validation and recycling equipment provider to pass the ECB tests, which verify which coin processing machines can authenticate genuine coins.
Thorsten Labusch, vice president of sales and business development for ITL, said: “The test was recently conducted by Deutsche Bundesbank and determined that the Smart Coin System and Twin Smart Coin System could reliably detect the counterfeit euro coins most frequently removed from circulation at the time of testing.”
ITL’s Smart Coin System is a bulk coin validator, mixed coin hopper and recycler which is all contained within one unit. The unit validates, discriminates and stores mixed coins, eliminating coin starvation.
