WEST CHESTER, PA -- The Royal Canadian Mint is moving forward with plans to change the metallic composition and design of Canada's $1 and $2 coins, and to begin issuing the new coins early next year. In response, MEI has developed new recognition software enabling its Cashflow coin mechanisms to accommodate the change.
Because most MEI changers and coin managers feature embedded technology that permits easy program updates to deal with redesigned coins, Canadian operators have a straightforward upgrade path for dealing with the new coin set.
The software is available for MEI's Cashflow 7512/9500 acceptors, which can be upgraded in the field by means of a programming module available from MEI distributors. The CF 7512 also can be upgraded at any MEI authorized service center, at nominal cost.
The Cashflow 540/541/560 acceptors must be upgraded at MEI-authorized service centers. MEI notes that the upgrade for the new $1 and $2 coins will be the last revision issued for these products.
Cashflow 330 acceptors also must be upgraded at an MEI authorized service center. There is a nominal fee for this upgrade.
The Royal Canadian Mint reports that the new coins will feature multi-ply plated steel construction, similar in look and feel to the existing $1 and $2 coins. The alloys are similar but not identical in composition to those used in Canada's present 5¢, 10¢ and 25¢ coins, MEI observed, and that slight change in alloy makes it necessary for all Canadian coin-recognition equipment to be modified in order to take the new $1 and $2 denominations.
MEI unattended payment systems handle more than two billion transactions a week all over the world. Recently, the company reached a milestone by selling more than four million bill validators and five million coin mechanisms worldwide. Its products are widely used in the vending, soft drink, amusement, gaming, transportation, retail, and kiosk markets.
Conlux Canadian Upgrade
MEI Conlux plans to publish software upgrades permitting acceptance and validation of the new Canadian $1 and $2 coins.
Conlux CCM-5 changers manufactured since 2003 incorporate embedded technology that accepts software revisions to deal with new coin designs. These changers can be reprogrammed in the field by use of a Conlux Programming Module, or at any authorized service center for a nominal fee.
Conlux, Japan's leading payment systems brand, was established in 1967 and has been distributed in the United States since 1985. It is MEI's value brand of bill and coin validation products, designed to simplify business through reliable, field-proven performance. Information on finding Conlux-authorized distributors and service centers may be had from Vendnet North America, the master distributor for the brand, by calling (877) 4CONLUX [436-6589] or online at meigroup.com.