WEST CHESTER, PA – April 15, 1999 – MEI is already working to prepare for the upcoming new $ 5 and $ 10 bills and to develop update strategies for its existing and new customers, says Eileen McMonagle
, vending market manager for MEI.
When the new $ 20 bill was introduced in 1998, we had update software available to our customers on the day the bill was released, McMonagle says.When the new $ 5 and $ 10 bills are introduced early next year, it is particularly important that we have update solutions in place because the new bills will affect many more of our users..
Currently, the U.S. Treasury Department plans to introduce the new design $ 5 and $ 10 bills in the spring of 2000.There are currently no plans to redesign the existing $ 1 bill.
says that the update strategies that would be offered by MEI will vary, depending on the model of bill acceptor that the company is using.For some models of our bill acceptors, the update may be as easy as transferring new recognition software from a handheld or notebook computer, she
says.With other bill acceptors, the update may involve a simple electronic chip change.Finally, there may be cases in which updates involve a more complicated procedure..
For more information on the new bills, MEI bill acceptors, and update strategies, visit the MEI Internet web site at www.meiglobal.com, write to the company at MEI, 1301 Wilson Drive, West Chester, PA 19380 ; or call 1-800-345-8215.
MEI is the leading supplier of high-performance electronic payment systems and has the world's largest installed base of electronic coin mechanisms.