Innovative Technology, a cash handling and validation specialist based in Oldham, has collaborated with many UK suppliers to sell its new product to make cash payments safer and more hygienic.
At the height of the Covid-19 pandemic, CashGenic was introduced as a workaround for consumers wishing to pay safely by cash during a time when transfer of coins and banknotes was portrayed as high risk.
Tony Morrison, Sales Director for ITL Group, said: “Whilst the World Health Organisation and other institutions found no evidence to confirm that COVID-19 can be transmitted through coins or banknotes, many retailers were strongly advising other forms of payment at the start of the crisis.
“We responded quickly as it is important to us to ensure that we give our customers payment choice. CashGenic technology makes cash transactions safer and more hygienic, eliminating the need for staff to handle cash while enabling social distancing during cash transactions.”
Morrison explained how CashGenic from ITL ensures that workers no longer need to count cash, as it is automatically handled by the system. He argued that this not only saves business time, but also helps eliminate mistakes in shirkage and accounting.
He continued: “Following its launch back in May, we are pleased to announce that we have already teamed up with CC Dynamic, Maggi Electronic and Tag Retail to supply our Hygienic Cash Automation Kit to the UK.
“Our first installation was completed in partnership with CC Dynamic at a local fish and chip shop, The Top Chippy in Manchester. The owners are delighted with the results as it has removed the need for staff to manage cash and is allowing them to follow social distancing advice.
“The solution is a compact, all-in-one counter-top device ensuring easy customer access, with pay-in and pay-out managed by staff via a mobile tablet device. It makes cash transactions safer in a single affordable kit, has a small footprint and is easy to set up with no software integration.
“It is important that we give consumers choice and allow them to pay by cash safely, especially in these COVID times. This new development will allow customers to have that choice. We are delighted with the take up so far in the North West of England and look forward to many more installations both in the UK and Europe over the coming months.”
— Innovative Technology Ltd – ITL (@notevalidators) October 14, 2020