Finovate Demo Video Archives

Presenter Profile:

How they describe themselves: We are an established company in the space of cash management equipment for retail applications. Our operating activities include both the engineering and the manufacturing of solutions involving electronic, mechanical, and software innovations with over 20 issued US patents. In our on-premise factory, we build our own printed circuit boards, build final assemblies, warehouse those products and drop ship them on behalf of our customers. Our customers include some of the largest Cash In Transit companies in the United States.

How they describe their product/innovation: Ellenby’s Validating Smart Transport Bag (VSTB) is a light-weight mobile security system for retailers’ cash deposits. The product validates and protects cash deposits and generates a real-time data stream to a web service of all its activities with available API. VSTB features a cash validator to electronically recognize banknotes and neatly stack them within a sealed cassette. It has an onboard GPS positioning system, a zipper lock system that is electronically monitored, a tamper detection system.

Product distribution strategy: Through financial institutions

Contacts

Bus. Dev. & Press: Brian D. Stang, VP & Director of Global Products, brian.stang@ellenbytech.com, 856-848-2020 ext. 240