Direction Set for Next Generation MEI CASHFLOW® SC
Enhancements again raise the bar for performance features that directly impact operator profitability: acceptance, jam rate, security and cost of operation
West Chester, PA February 1, 2010 — MEI introduced the product enhancements that will define the next generation of the CASHFLOW SC bill acceptor. The resulting benefits will further raise the bar of performance expectations in the metrics that matter most – driving improvements in both the player experience and operator profitability.
“CASHFLOW SC has been embraced by the industry since its introduction in 2002, establishing itself as the industry leader that other bill acceptors are now measured against,” said Tom Nugent, president – Gaming and Retail. “The next generation is evolutionary. The path forward is clear – to apply new technology and market knowledge to make a great product even better.”
That product has ascended MEI into the production of more than 700,000 CASHFLOW SC units. Momentum driven by satisfied customers has grown globally – resulting in a ship share of more than 90% of games sold for US casino openings and expansions, as well as being specified in all slot machines selected for the two Singapore properties opening in 2010.
“CASHFLOW SC’s success in the marketplace proves that operators have embraced the value of improved acceptance, jam rate, security and cost of operation,” said Mr. Nugent. “The industry will be thrilled with the next generation because it successfully balances the need for progress with the comfort of knowing CASHFLOW SC has not strayed from its winning formula.”
Increased value created by the next generation CASHFLOW SC is highlighted by the following enhancements:
• an improved recognition system, which provides proactive security by utilizing transmissive sensors to see all the way through notes in multiple wavelengths.
• faster bill-to-bill speed, which will upgrade the player experience and speed up transactions to expand throughput.
• expanded memory, which will limit part numbers and submissions by allowing more notes to be recognized in a specific release of firmware.
• comprehensive barcode recognition, which processes barcode coupons in all four directions and improves acceptance on multi-width currencies.
• upgrade to USB 2.0, which speeds up communications with the host machine and even potentially expands functionality.
Because the enhancements are localized to the acceptor head, the next generation product can work hand-in-hand with legacy CASHFLOW SC units already in the field. This capability is facilitated by intelligent support tools that will be able to sense the product version and provide the appropriate software.
“It was very important for us to reward past investment in CASHFLOW SC by creating a new product that can operate in concert with the existing field base,” said Mr. Nugent. “This is consistent with our focus on adding value by lowering our customers’ operational costs and helping them to maximize precious capital.”
The next generation CASHFLOW SC not only is compatible with previous versions, but also with product extensions that have expanded the reach of bill acceptors from the slot machine to the entire cash management process. EASITRAX Soft Count, as an example, has changed rapidly the expectations for what a bill acceptor can offer – building an installed base over 50,000 games in 18 months by improving efficiencies associated with the cash drop process.
“We are committed to innovation,” said Mr. Nugent. “MEI will not rest on its laurels despite the leadership position we have built. The next generation CASHFLOW SC, like EASITRAX Soft Count before it, represents a progression of developments that will continually expand the value that MEI will provide the gaming industry.”
Development on the next generation CASHFLOW SC product is well underway. MEI is planning to begin delivering samples to OEMs for testing mid-year. Depending on the speed of testing and jurisdictional approvals, the new product could be in production by the end of 2010.
About MEI: MEI systems are relied upon for more than 2 billion transactions per week in over 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 the vending management system. Today MEI has the largest worldwide installed base of unattended payment mechanisms. 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, transportation, retail, and kiosk markets. For more information on MEI and its products, visit www.meigroup.com or call 1-800-345-8215 in US (please refer to our website for various international telephone numbers).