The new £1 coin, designed to minimise fraud, will be introduced on 28th March. The change has had a huge knock on effect to businesses who use any type of vending device that accepts £1 coins.
Change can initially be hard to accept, however we know fraud costs businesses millions of pounds over the course of a year and ultimately it has to be a good thing.
To Ivor Thomas Amusements it means changing over 2,000 coin mechanisms in outlets across the South East. This includes a site visit and installation of a reprogrammed mechanism at each location – and it all has to be successfully carried out within a six month period.
The last change was for the new 50p coin introduced in 1997. With new £10 notes and £20 notes being introduced at different times within the next year there are more changes to come.