News

MEI #6 - TELeasy Selects MEI AE2600 Bill Acceptors for Use in TELstation Kiosks

Cash payment option attracts more customers, drives profits

April 8, 2002

MEI, the world's leading supplier of high-performance electronic payment systems, has announced that its AE2600 bill acceptor was selected for use in TELeasy Corporation's TELstation kiosks. TELstations combine payphone and Internet services, allowing users to buy tickets to entertainment events/movies/hotel events, pre-paid calling cards, and Internet time. Already, 40 TELstation kiosks have been deployed across the United States, with installations expected to reach 800 by the end of 2001, and 2500 by the end of 2002. Deployment is also expected to extend into Europe starting in 2001.

TELstations equipped with bill acceptors, coin acceptors, and credit card acceptors are typically installed in high-traffic areas such as hotel lobbies, restaurants and airports. In evaluating effectiveness in the field, TELeasy reports that the AE2600-equipped TELstations successfully validate bills, and there has been no incident to date where one of the machines accepted a counterfeit bill.

"We selected the MEI AE2600 bill acceptor because it was the most advanced technologically and robust in terms of durability, helping us speed the launch of our new kiosks," said Mansur Plumber, CEO/VP of Technology of TELeasy. "We make it a policy to select vendors who have the best reputation in the industry and who provide excellent, responsive technical support."

TELeasy elected to include bill acceptors in their TELstations following test deployment in New York City with credit card readers only that showed a consistent lack of use. "Cash is the most widely used payment method by far. Without a bill acceptor, none of our machines would make any money at all," says Mr. Plumber.

About TELeasy

The New York City-based TELeasy Corporation, which is a spin-off from AdComp Systems Inc. is a leading developer and provider of e-commerce enabled multimedia, multifunction, coin, bill and credit card operated public Internet email payphone terminals.