MEI Unveils Vending Industrys Most Versatile Cash Recycler
As vending product prices rise, operators are looking for new devices that make it convenient for consumers to pay with larger bills.
MEI has responded with a cash recycling bill validator that can be retrofitted into operators installed base of vending machines. Equipped with an MEI CASHFLOW Series 2000 VNR, vending machines can accept the $20 bills that consumers most commonly have on hand from ATM withdrawals without concerns of depleting their coin supply.
The MEI CASHFLOW Series 2000 VNR accepts $1, $5, $10 and $20 bills, and stores either $1 or $5 bills for use as change for future purchases. By recycling the most commonly used bills, vending machines can provide appropriate change using minimal coin. Operators reduce the amount of replenishment needed, which lowers their overall cash management costs.
Less than two percent of bill validators deployed today accept twenty-dollar bills. That means millions of machines installed at locations cannot accept the cash that consumers most commonly carry around, said Chuck Reed, vending channel marketing manager, MEI. Operators dont want to continue losing these customers to convenience stores. This product lets them compete head on.
The MEI CASHFLOW VNR will offer several industry firsts, including a small cash recycler footprint virtually equal to that of a standard bill validator. In addition, the product features the industrys only high-visibility bezel that easily indicates to consumers which denominations are accepted using bright, low-powered LEDs. The high-visibility bezel can be replaced with the MEI 4-in-1 bezel to enable the CASHFLOW VNR to accept credit, debit and contactless payments.
For operators who plan to explore cash recycling at a later date, MEI now offers an affordable means to future-proof their bill validator purchases operators purchasing an MEI VN2700 bill validator can later upgrade it to the VNR by simply adding on the compact recycling module. MEI plans to start field testing the CASHFLOW VNR and the VN2700 this quarter and release them for purchase in early 2009.
The MEI CASHFLOW Series 2000 VNR accepts $1, $5, $10 and $20 bills, and stores either $1 or $5 bills for use as change for future purchases. By recycling the most commonly used bills, vending machines can provide appropriate change using minimal coin. Operators reduce the amount of replenishment needed, which lowers their overall cash management costs.
Less than two percent of bill validators deployed today accept twenty-dollar bills. That means millions of machines installed at locations cannot accept the cash that consumers most commonly carry around, said Chuck Reed, vending channel marketing manager, MEI. Operators dont want to continue losing these customers to convenience stores. This product lets them compete head on.
The MEI CASHFLOW VNR will offer several industry firsts, including a small cash recycler footprint virtually equal to that of a standard bill validator. In addition, the product features the industrys only high-visibility bezel that easily indicates to consumers which denominations are accepted using bright, low-powered LEDs. The high-visibility bezel can be replaced with the MEI 4-in-1 bezel to enable the CASHFLOW VNR to accept credit, debit and contactless payments.
For operators who plan to explore cash recycling at a later date, MEI now offers an affordable means to future-proof their bill validator purchases operators purchasing an MEI VN2700 bill validator can later upgrade it to the VNR by simply adding on the compact recycling module. MEI plans to start field testing the CASHFLOW VNR and the VN2700 this quarter and release them for purchase in early 2009.
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