Shoppers able to use new $10 bills with all IBM models
West Chester, Pa., July 7, 2006 – MEI announced that The MEI CASHFLOW® bill acceptor has been integrated into IBM’s next generation self checkout systems.
One of the advantages of the MEI technology is to provide the ability to easily accept new currency designs, including the US Government’s recently redesigned $10 bill. The firmware used on MEI CASHFLOW® SC bill acceptors is designed to be easily upgraded via remote updating capability.
In advance of new bills being issued, MEI and IBM worked closely together to ensure a conversion that was transparent to retail customers. This was accomplished quickly and easily because of some of the unit’s unique capabilities.
“The MEI family of cash acceptors provides the ability for IBM or their customers to automatically and remotely update the bill acceptors” according to Andrew Osborne, global marketing manager for MEI.
IBM has worked closely with MEI for many years to optimize the bill acceptor capabilities on its self checkout solutions. The new IBM models, introduced in December, feature improved ergonomic design across the product line. For the first time, all components, including the cash acceptor, are located above the counter and are organized for a more logical, intuitive transaction flow, helping make self checkout even easier and faster to use.
In addition to having the most proven remote update capability, the MEI CASHFLOW SC bill acceptor unit sets the industry standard with the highest bill acceptance rates, lowest jam rates and unsurpassed counterfeit detection technology.
About MEI’s Full Line of Cash Acceptors for Self-Service Systems
MEI offers the industry’s most complete line of note and coin acceptors for the varying needs of retail self-service applications. MEI SODECO™-BNA56 note acceptors are designed specifically for use in high-volume, high-value applications with dedicated cash-box collection and a revenue center. MEI CASHFLOW® SC Series note acceptors are the world’s most technically advanced cash acceptor for retail applications. MEI Series 2000 note acceptors provide a lower end alternative for retail applications that do not require premium features or a lockable cash box. MEI Combo Acceptors are the industry’s first unit that accepts cash, credit and debit. MEI CASHFLOW 9500 coin acceptors are ideal for kiosks and other unattended retail systems. MEI provides all the technical support that OEMs, professional software developers and systems integrators need to design, integrate, test and deploy their self-service systems.
MEI systems are relied upon for more than 1 billion transactions per week in 90 countries. The company developed the first electronic coin mechanism in the 1960s, followed by the first electronic non-contact note acceptor, and more recently its vending management system. Today MEI has the largest worldwide installed base of unattended payment mechanisms. In 2004, MEI reached a milestone of selling more than 3.5 million note acceptors, 4.5 million coin mechanisms and 1 million control boards worldwide. Its products are in widespread use in the vending, soft drink, gaming, amusement, transportation, retail, and kiosk markets. For more information on MEI and its products, visit www.meigroup.com or call 1-800-345-8215.
For more information about IBM Retail Solutions, go to: www.ibm.com/retail.