Maggi Electronics – Ahead of the money game

Coinslot Maggi Electronics Joe Pritchard
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Maggi Electronics is well prepared to support their customers through the impending currency changes of 2017. Top of the list will be new coin ready conversion kits including the NV9, 10 and 11+.

Maggi Electronics have made early preparations in gearing up for all currency changes. With a recorded total of 2.2 billion £1 coins manufactured in April 1983, to today’s 1.5 billion remaining in circulation, it is easy to believe 45 million are counterfeits.

“With only a six-month period when both the old and new coins are in co-circulation, time is of the essence for those requiring upgrades. With a number of our current customer base already taking action, we are progressively working to ensure the supply meets demand, why wait any longer than you need to accept the world’s most secure coin?” said Stephanie Smith, marketing coordinator.

The Royal Mint tells retailers to adapt their equipment to avoid chaos when the coin is introduced on the 28th March 2017. “We aim to make this transition as smooth as possible. We are here to help provide the most cost effective solution for your business,” said Maggi Electronics’ managing director, Joe Pritchard.

With fast moving technological advances fitting new parts with their unique conversion kit for the pre-released polymer £5 banknote, and the £10 due to follow in Summer 2017, Maggi Electronics are offering modern updates for change machines and note validators, including Innovative Technology’s NV9 USB, NV10 USB and NV11+, future proofing against note modifications, to facilitating an extended product investment.

The conversion kit replaces redundant note validators within products such as change machines. The NV10 USB+ is a compact, stackerless banknote validator suitable for most applications, accepting over 100 different world currencies it is a truly global product. The NV10 USB+ is a field proven validator, the unit supports industry standard protocols and is simple to integrate and maintain.

The NV11+ is a market leading, compact note recycler. Combining an NV9 USB+ banknote validator and ‘Note Float’ payout unit, the NV11+ can store and recycle up to 30 notes. It maximises cash efficiency and reduces coin starvation, significantly reducing operational costs. It comes with a standard 300 note capacity cashbox and uses eSSP (encrypted Smiley Secure Protocol) or ccTalk. It’s proven field reliability significantly maximises operational efficiency, it dramatically reduces coin float levels, it is future proof with quick and easy updates via USB, PC or handheld programmer.

Paul Yorke, operations director, advises: “The New NV11+ is a more flexible and secure note recycler from Innovative Technology. This + version has made security improvements on the mechanism’s impressive NV11 range.”

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