WEST CHESTER, PA — New from MEI is a bill validator and add-on recycling module designed to increase vending sales by enabling acceptance of the higher-denomination banknotes typically dispensed by automated teller machines.
The new Cashflow Series 2000 VNR was previewed at the recent National Automatic Merchandising Association National Expo in St. Louis, MO. It’s scheduled for field-testing in the current quarter, and slated for shipment early next year.
The new validator accepts $1, $5, $10 and $20 bills. When equipped with the recycling unit, it can pay back either $1 or $5 bills.
Engineered to simplify upgrading machines to dispense banknotes as change, the Cashflow Series 2000 VNR complies with the Multi-Drop Bus protocol and so is compatible with all MDB coin mechanisms and changers.
It also will be available without the recycling module as the MEI VN2700, with the option to upgrade to the Cashflow VNR simply by adding the recycler later. The company observed that this allows operators to “future-proof” their validator purchases, insuring that they can add banknote recycling whenever they see an opportunity.
Other features include a small cash-recycler footprint, giving the assembled Cashflow VNR virtually the same form factor as a conventional validator. Moreover, it comes equipped with a high-visibility illuminated bezel that communicates which denominations are accepted, using bright, low-current LEDs. This bezel can be replaced with an MEI 4-in-1 bezel, which will enable the Cashflow VNR to accept credit and debit payments with magnetic-stripe and contactless payment media.
Chuck Reed, vending channel marketing manager for MEI, reported that fewer than 2% of bill validators deployed at present accept $20 bills. “That means millions of machines installed at locations cannot accept the cash that consumers most commonly carry around,” he explained. “Operators don’t want to continue losing these customers to convenience stores. This product lets them compete head-on.”
Information about MEI and its current product lines may be found on the Internet at meiglobal.com, and from MEI distributors nationwide.