Significant Industry Milestones: Three Million Series 2000 Bill Validators and One Million CASHFLOW® 7000 Coin Managers Built
WEST CHESTER, Pa., August 16, 2010 —MEI associates recently celebrated two record-setting events. The company manufactured its 3 millionth Series 2000 VN/AE bill validator and its 1 millionth CASHFLOW® 7000 coin manager in its state-of-the-art manufacturing facility in Queretaro, Mexico. Both product lines targeted for the vending and amusement industries have a heritage of innovation while being recognized as the industry standard for quality and reliability.
Since 1994, MEI has evolved its VN/AE bill validator series’s core technology to retain the performance and reliability demanded from the marketplace. In addition, MEI has recently introduced innovative modules to provide the capabilities and performance that today’s operators require. Specifically in:
May 2008 - MEI introduced the MEI 4-in-1 bezel that reads contactless RFID and magnetic stripe cards, along with bills and MEI coupon validation.
May 2009 – MEI launched the 12-volt continuous and 12 volt battery bill validator for the amusement and specialty markets.
June 2009- MEI launched the VN2700 model which can easily be converted in the field to a recycler ready version by adding the MEI bill recycler module.
September 2009 – MEI introduced the VN2700R model, an innovative modular bill recycler.
MEI has also shipped its 1 millionth CASHFLOW 7000 coin manager. The product, launched in 2003, created the coin manager category and was quickly adopted by vending operators looking for the highest level of reliability, cash management and performance. Originally designed to support the U.S. and Euro currencies, this product is now used in over 52 countries. Operators have embraced the CF7000 coin manager because it actively manages change funds to reduce the frequency of exact change situations, enabling a positive consumer experience and higher sales. Unique sonar technology constantly measures the amount of coins in the tubes, providing operators added security and control in their cash management processes.
“We reached these milestones because we have earned the confidence of our customers through, quality, innovation and an unrelenting focus on reliability,” said Jeff Jordan, executive vice president of MEI. “We thank all our loyal customers for trusting MEI to help improve their profitability, and we recognize that today’s success came from finding ways to improve an operator’s bottom line.”.
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 validator, and more recently its credit card capability and vending management solution. Recently, MEI reached a milestone of selling more than five million bill validators and six 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