News & Events

Cummins Allison Shares Three Key Considerations To Look For When Purchasing A High Quality Coin Counting Machine

 

 

 

FEBRUARY 28, 2012, MT. PROSPECT, IL— When it comes to retail space inside the grocery store, every square foot counts. That's why it's extremely important when selecting a self-service coin counter to choose high-quality equipment that delivers the greatest return on investment (ROI).


 

Not All Self-Service Coin Counting Machines Are Created Equal

 


With 80 percent of U.S. households reporting someone in the home saving loose change1, grocery stores can capitalize on the need to redeem coin by owning or leasing a high-quality self-service coin machine. Cummins Allison, the leading innovator and provider of coin, currency and check handling solutions, shares three key considerations to keep in mind when seeking high quality self-service coin machines, which impact retail ROI.

 

  • Delivers Maximum ROI- Owning a self-service coin machine can provide a return on investment of more than seven times the original investment. Retailers can take advantage of a highly profitable machine that offers a small footprint, is low risk and adds incremental revenue to the bottom line. Grocers that own a self-service coin counter keep 100 percent of the revenue generated from fees compared to a coin counter placed by a third-party that only delivers an average royalty payment of less than two percent to grocers.

  • Accuracy Equals Uptime- A quality self-service coin machine uses high-speed sorting technology that employs on-the-fly coin discrimination to perform fast, uninterrupted coin sorting and automatic rejection of debris and foreign coins for increased throughput without stops or jams. High speed sorting technology positively impacts the user experience enabling patrons to quickly redeem coins and obtain the cash payout right at the machine for potential spending in store. Simultaneously, greater uptime means machines are available when users need them, increasing profit potential and ROI. For example, Cummins Allison self-service coin sorters ensure a 99.995 percent accuracy rating with 98 percent uptime and industry-proven reliability.

  • Backed by Dependable Service- A dependable, quality made self-service coin machine will need fewer repairs, which means lower costs and less downtime. Look for coin redemption machines that are manufactured in the U.S. and backed by local service technicians trained by the manufacturer. With the ability to tap local parts inventories and manage any repair quickly, service technicians are able to keep machines up and running, preventing downtime and helping you maximize ROI.


To learn more about how your retail store can cash in on revenue-generating opportunities with quality self-service coin machines, visit cumminsallison.com/ssc1.


1 Top Six Drivers of Consumer Use of Self-Service Coin Machines by Branmark Strategy Group (2010)


 

About Cummins Allison

 


Cummins Allison is a global leader in developing technologies which count, sort and authenticate currency. The U.S.-based company has a 100+ year heritage of leadership in technology and product innovation and currently serves the majority of financial institutions worldwide, as well as leading organizations in retail, casinos, law enforcement and government.


The company holds more than 350 U.S. patents and has ongoing research and development (R&D) investments double the industry average. Cummins-Allison is headquartered near Chicago, IL with R&D centers near San Diego, CA and Philadelphia, PA and wholly owned subsidiaries in Canada, the United Kingdom, Ireland, Germany and France. The company also has an extensive sales and service network with more than 50 offices in North America and is represented in over 70 countries. For more information, visitwww.cumminsallison.com.


Contacts

 

Carol Moore – Vice President Marketing

Cummins Allison

Tel: 847.759.6403

moorec@cumminsallison.com

 

Suzy Watson
Outlook Marketing Services, Inc.
Tel: 312-873-3423
sgwatson@outlookmarketingsrv.com