FOR IMMEDIATE RELEASE
TELeasy Selects MEI AE2600 Bill Acceptors for Use in TELstation Kiosks
Cash payment option attracts more customers, drives profits
WEST CHESTER, PA – February 12, 2001 – 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 have been no breakdown incidents to date.
“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 MEI’s AE 2600 Bill Acceptor
The AE2600 bill acceptor allows users to insert $1, $2, $5, $10, and $20 bills facing up, down, or either direction—even bills that are torn,
wrinkled and dirty. The AE2600 uses complex optical technology, the industry’s most effective method to maintain high acceptance and low
jam rates, while maintaining high security. Complex optical technology uses advanced light to read the variations in the magnetic ink on any
bill, enabling the bill acceptor not only to validate the bill with a higher rate of accuracy, but to transport bills without physically touching
them—dramatically reducing the chances of bill jamming.
MEI incorporates self-calibration technology with its complex optical technology, enabling the bill acceptor to compensate automatically for
dirt and debris in the cavity of the bill path by increasing the strength of the optical light. The AE2600 bill acceptor also features MARSÒ
FLASHPORT™ re-programmable flash technology, which enables operators to update software files to quickly and
cost-effectively recognize new currency designs.
For more information on MEI’s bill acceptors, visit MEI’s web site at
www.meiglobal.com or call 1-800-345-8215.
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.
MEI (formerly Mars Electronics International) and a division of Mars, Incorporated, has been developing the world’s most advanced, secure,
and high-performance electronic payment systems since 1969, and has the world’s largest installed base of electronic coin mechanisms and bill
acceptors. By working with customers, MEI has not only contributed to the success of vending, but is also the world leader in the application
of cash payment systems in the retail, telecom, gaming, amusement, lottery, and transportation industries. MEI’s range of products includes
electronic cash acceptors, coin change-giving machines, card-based cashless payment systems, and electronic audit systems. MEI employs
1,200 associates worldwide, with four ISO-certified manufacturing plants on three continents, sales offices in 10 countries, and a distribution
network covering more than 100 countries.