WEST CHESTER, Pa., March 1, 2010 — Following a successful nine-month trial of the MEI CASHFLOW® VNR bill recycler, the Buffalo Rock Company will begin deploying cash recycling technology across half of its 50,000 vending machines in the southeast region.
Buffalo Rock, a Birmingham, Alabama-based full-line vending operator and Pepsi bottler, tested more than twenty MEI VNR units in vending machines located in Columbus, Ga., Birmingham, Ala., and Pensacola, Fla. The company monitored sales data and compared results to the previous year’s figures. Buffalo Rock tracked sales lifts of 15 to 75 percent over the course of the trial, which included locations in manufacturing plants, retail malls, car dealerships and military bases.
“We needed to demonstrate reliable performance, added customer convenience and sales lift before considering widespread deployment of the technology,” said Mike Bunt, general manager of Corporate Marketing Equipment at Buffalo Rock. “In most cases we achieved at least a 15% sales lift since installing the recyclers with virtually no jams or service problems.”
Cash recycling is a new payment technology that enables vending machines to accept $1, $5, $10 and $20 bills for purchases and dispense change in bills and coins. This technology combats the growing problem of vending sales lost to convenience stores and drive-thru chains that offer more payment options.
The MEI CASHFLOW VNR features a modular design and has the smallest cash recycler footprint available. It includes MEI’s reliable VN2700 bill validator platform, which can be easily converted in the field at any time to include the VNR recycler module. This flexible design allows an operator to efficiently manage payment options to meet customers’ changing needs.
An optional high-visibility bezel with bright, low-powered LEDs catches the attention of customers and easily informs them which denominations are being accepted. For operators looking to expand payment options even more, they can install the MEI 4-in-1 bezel, which allows the CASHFLOW VNR to accept cash, MEI coupons, credit card and contactless payments.
About the Buffalo Rock Company
The Buffalo Rock Company is one of the nation’s largest single-family privately owned Pepsi-Cola bottlers. Today it operates 14 distribution centers in Alabama , Florida and Georgia , servicing a population of more than 6.5 million with more than 50,000 vending machines. Visit www.buffalorock.com.
MEI, headquartered in West Chester, Pa., holds the world’s largest installed base of unattended payment systems, handling over two billion transactions per week in more than 100 countries. The company developed the first electronic coin mechanism in the 1960s, followed by the first electronic non-contact bill acceptor, and more recently its credit card capability and vending management solution. Recently, MEI reached a milestone of selling more than four million bill acceptors and five million coin mechanisms worldwide. Its products are in widespread use in the vending, soft drink, gaming, amusement, transport, retail, and kiosk markets. For more information on MEI and its products, visit www.meigroup.com or call 800-345-8215.