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Issue Date: Vol. 52, No. 7, July 2012, Posted On: 6/11/2012

MEI Featured As 'World's Greatest!...' Unattended Payment Systems Company

Emily Jed
vending, vending machine, MEI Group, MEI, cashless vending, payment systems, unattended payment systems, Ion Network, World's Greatest!..., Mike Hayes, MEI vending, Jeff Jordan, Tom Shuren, coin mechanism, bill acceptor, coin-recognition, banknote validator

WEST CHESTER, PA — MEI was recently spotlighted as the world's greatest unattended payment systems company on Ion Network's "World's Greatest!..."

Now in its sixth season, the TV show features what it claims to be the "world's greatest" companies, products, places and people. One segment recognized MEI's commitment to delivering what the show's producers consider the world's most secure and reliable coin-recognition systems, banknote validators, cash recyclers and other products that enable unattended transactions in the vending, retail, transit and gaming industries.

The episode highlighted MEI's many technology "firsts" through the years, including inventing the world's first electronic coin mechanism in the 1960s, followed by the first noncontact bill validator. Its cashless readers were also spotlighted.

The show interviewed MEI chief executive Mike Hayes, MEI vending president Jeff Jordan and chief technology officer Tom Shuren.

"We are very proud that the show's producers recognized MEI's 40-year history as the world's leading unattended payment systems provider," said Hayes. "Our products consistently set technology standards, and process over two billion transactions per week in more than 100 countries."

MEI said it has sold more than 4 million bill acceptors and 5 million coin mechanisms worldwide.

The "World's Greatest…" segment ran on national cable and satellite channels and local network affiliates across the U.S. during March and April and can still be viewed here.

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