News

MEI announces support for new $10 bill

October 19, 2005

WEST CHESTER, Pa. - MEI, developer of unattended payment systems, announced in a news release plans to seamlessly transition retail customers to accept the soon-to-be-released U.S. $10 bill in kiosks, self-checkouts, and other self-service retail systems. The U.S. Department of the Treasury's Bureau of Engraving and Printing (BEP) will begin releasing the new $10 bill in early 2006.

MEI will offer customers several options to upgrade their bill acceptors in the field so that they will recognize and accept the new $10 bill immediately upon release. Upgrade and pricing options differ according to the bill acceptor model. Most products can be easily upgraded with a simple software change using a handheld device. MEI customers will receive detailed upgrade ordering information from MEI via e-mail and service bulletins that will be issued to service centers, distributors, and direct to customers.

Systems with either an MEI CASHFLOW SC or a Series 2000 (AE2800) bill acceptor can be upgraded by remote FLASH download through the interface or by using an MEI handheld tool (CPM/BPM). Most product lines that have been discontinued but are still in operation out in the field will be supported with this upgrade.

Based on its close working relationship with the U.S. Treasury BEP, MEI designed its upgrade technology to ensure that retail kiosks and self-serve systems could be updated to accept the new $10 bill even before its official launch. All upgrades should be in place by December 2005.