News

Armor Safe Technologies, LLC Rolls Out New Line of Cash Safes with Capability to Accept International Currency

June 5, 2005

West Chester, Pa., February 23, 2005 - MEI, the world's leading developer of electronic payment systems, announced that its MEI CASHFLOW® SC bill acceptor has been integrated into Armor Safe Technologies, LLC's complete line of CacheSYSTEM® safes, including the Model 1200 remote cash-counting safe, the model 2460 cash- counting safe, and the Model 7100 cash-counting/cash-dispensing safe. Equipped with this new MEI bill acceptor, Armor's safes are capable of accepting international currency.

Besides being inherently able to accept currency from other regions including Canada, Mexico, and Europe, Armor's upgraded safes will be more secure and reliable, with the industry's highest cash-acceptance rates and lowest jam rates. Since store managers and authorized personnel can easily remove the bill validator head to clear jams in the unlikely event that one should occur, service calls are minimized. In addition, the rugged, newly designed cashbox stays locked at all times for increased security.

"MEI and Armor have a long history together, and I am the number one fan of MEI's premium products," said Larry Robinson, president of Armor Safe Technologies, LLC. "With the release of their new CASHFLOW SC, MEI demonstrated commitment to us by developing a custom interface so our safes could be upgraded to accept the new bill acceptors without a re-design."   

(more) About MEI CASHFLOW SC Series Bill Acceptors MEI CASHFLOW SC Series high-performance bill acceptors provide advanced digital processing technology, algorithms and engineering.  It delivers ultra-high bill acceptance rates, superior security, greater cost efficiency and reduced maintenance costs.  Other features include a front USB service port, lensed receivers that scan 300% more bill surface with six wavelengths of light, and the industry's first dispute resolution window.

About Armor Safe Techologies, LLC Based in The Colony, Texas, Armor Safe Technologies, LLC provides a line of cash management safes and related software that give cash-intensive businesses better control of money, help reduce cash pilferage by increasing employee accountability and provide greater employee security. For more information, visit www.armorsafe.com or call 972-624-5734.

About MEI Today, MEI payment 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 bill acceptor, and today has the largest worldwide installed base of unattended payment mechanisms.  In 2002, MEI reached a company milestone of selling more than 3 million bill acceptors, 3 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.meiglobal.com/kiosks or call 1-800-345-8215.