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PRESS RELEASE

MEI's New Banknote Acceptor is First to Accommodate
Most International Currency!

02 September, 2004 - West Chester, PA.   - MEI the world's leading developer of electronic payment systems, has introduced the MEI CASHFLOW® SC83, the industry's first banknote validator to accept the majority of international currencies.

Because the MEI CASHFLOW SC83 accepts banknotes from 62-83mm in width, and 120-166mm in length, it provides the capability for retailers to transact currency in the majority of the world's markets. The product, which will become commercially available in August 2004, is ideal for use in key retail applications including kiosks, enhanced ATMs, self checkout applications for the supermarket industry, and other self-service systems requiring reliable unattended transactions.

MEI CASHFLOW™ SC83 enables international retailers to maximize transactions in self-service systems.

The MEI CASHFLOW SC83 is designed to maximize retailer revenue by accepting all legal currency as well as worn and damaged notes. Featuring an advanced banknote transport system that allows customers to feed in any legal currency, in any direction, regardless of its physical condition, the product increases both retailer profits and, perhaps even more critically, customer satisfaction. By scanning 300% more of the surface of each note than traditional acceptors and utilizing 6 wavelengths of light, the MEI CASHFLOW SC83 maximizes acceptance, ensures throughput, and creates an optimal self-service customer environment.

The MEI CASHFLOW SC83 also features an advanced banknote recognition system, which increases the security of cash transactions, maximizing the value of the retailer's cassette. This proven recognition technology provides a unique discrimination system ensuring that only legal banknotes are accepted into the cassette, increasing retailer revenue. Even the most advanced counterfeit notes are identified and rejected.

The MEI CASHFLOW SC83 can rapidly process notes, with a jam rate of close to 1 in 100,000 notes, as demonstrated in field trials. Sophisticated recognition algorithms greatly increase acceptance speed and security. In addition the product is constructed of a durable, high impact plastic in a curved, welded design that provides superior protection of internal mechanisms against harsh handling. The cassette also features the industry's first dispute resolution window to show the value of the last note stacked in the cassette. Customers can view the actual note last fed, getting solid proof of their transaction, and resolving their dispute quickly.

When a new banknote is issued, software updates are available to MEI's customers via an easy-to-use, handheld support tool that can be used globally, for all accepted currencies.

"MEI is providing retailers with an easy, affordable way to deploy their self-service systems globally with the same banknote acceptor," said Andrew Osborne, global marketing manager for MEI's retail division. "Retailers earn economies of scale by working with one product from one vendor. Plus, the MEI SC83 discourages tampering and vandalism, while making it easier for money handlers to do their jobs."

About the MEI CASHFLOW™ SC Series
MEI's CASHFLOW SC series of banknote acceptors offers features and functionality for the most demanding retail applications from self-checkout through to kiosks. MEI CASHFLOW SC series banknote acceptors are equipped with a superior consumer interface, advanced processing technology, new algorithms, and progressive engineering to reject counterfeit banknotes, while instantly accepting legal currency without jamming. The banknote acceptors can be supported for audit, download, and configuration with MEI CASHFLOW STS PC-based support tools.

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 banknote acceptor, and today has the largest worldwide installed base of unattended payment mechanisms. Today, MEI has sold more than 3.5 million bill acceptors, 4.5 million coin mechanisms, and 1 million control boards worldwide. Its products are in widespread use in the self-checkout, kiosk, vending, soft drink, gaming, amusement, transportation, and retail markets.

  

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