WEST CHESTER, PA -- MEI has enhanced its Conlux value-priced NBM-3500 bill validator to accept $10 and $20 notes. The manufacturer reports that a recent study found a strong correlation between the ability to handle higher-denomination bills and an increase in vending sales volume, in some cases as much as 15% to 20%.
The new Conlux validator is fitted with a colorful bezel decal that calls patrons' attention to its ability to handle all denominations between $1 and $20. According to MEI, consumers most frequently carry $10 and $20 bills in their wallets because those are the denominations dispensed by automated teller machines. The ability to use higher denominations in vending machines permits consumers to buy higher-priced products, and to purchase multiple products in a single transaction.
"Upgrading the Conlux 3000 Series to accept larger bills made sense after MEI learned that 65% of consumers carry at least one $20 bill at any given time," said Heidi Chico, vice-chairman of the Wittern Group (Des Moines, IA), the principal distributor of Conlux products. With vendible product prices rising, she warned, vending machines that cannot handle large bills run a real risk of losing customers to convenience stores and other retail outlets.
All Conlux NBM-3000 Series bill validators employ precisely positioned optical sensors for protection against dirt and "salting," which results in longer life and fewer service calls, according to MEI. The Conlux sensors and recognition software offer high acceptance and security for all bill denominations, the company added, ensuring a positive consumer experience.
Nippon Conlux, founded in 1984, is a world leader in research and development. Conlux was acquired by MEI in 2003. Information on the NBM-3500 validator can be found here.