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Triton® VersaSafe® Offers Retailers Cash Management Efficiencies

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MEI CASHFLOW SC bill acceptor specified to drive reliability, offering retailers a new option to overcome the challenges and expenses associated with cash management.

                                                                                                                                                                               West Chester, PA November 21, 2011 Triton’s introduction of its VersaSafe allows retailers to apply the latest technology from the moment cash is received to when it is deposited into a bank.   Utilizing the VersaSafe provides a means to track, store and balance all cash sales – automating an enterprise’s total audit trail.

“Retailers would rather spend less time counting money and more time on the sales floor ,” said James Phillips, Triton vice president, sales & marketing.   “The VersaSafe makes that possible and does much more.

“The benefits include reductions in:   internal and external cash shrinkage, cash touch points, cash float and the amount of time spent counting and reconciling cash. Conversely, increases will be evident in both employee security and the amount of time managers can spend focused on customer service.”

Bill validating, electronic safes have long established their value to retailers.   The benefits have been well documented.   What continues to advance is the amount of options retailers have when customizing a solution for their individual needs.

“We are thrilled to be selected to contribute MEI technology to the VersaSafe,” said Eric Fisher, MEI senior vice president – Americas.   “Triton, given their vast experience in the ATM market, is an expert in cash management and well positioned to add even more value to retailers by offering an innovative, new safe.”

The VersaSafe not only includes the MEI CASHFLOW SC bill acceptor, which has become the industry standard for electronic safes, but also provides the ability to upgrade to a:

·  CASHFLOW BNF (bunch note feeder), which allows operators to stack 30 notes at one time as opposed to feeding notes individually.   This further adds to cash management efficiencies that can be achieved by an electronic safe.

·  SCXL cashbox, which stores up to 2,200 notes.   Increasing cash storage capacity reduces the number of pickups and further streamlines CIT costs.

The combination of MEI and Triton technology ensures reliable data capture, bill recognition and security.   To provide even more value, each VersaSafe can be monitored by a number of remote monitoring packages, including Triton VersaLink®.   VersaLink is a real-time monitoring, reporting and smart safe management tool that provides  enhanced reconciliation, complete visibility of revenue activity, remote diagnostics and system updates and internet access from a PC or smart phone.

The VersaSafe portfolio has been designed for customization.   Retailers have more options than ever before, including the facilitation of provisional credit with their bank – an increasingly popular practice that reduces cash float obligations and, as a result, increases working capital for businesses of any size. 

About MEI: Today, MEI systems are relied upon for more than 2 billion transactions per week in over 100 countries.   The company developed the first electronic coin mechanism in the 1960s followed by the first electronic non-contact bill acceptor, and more recently the vending management system.   Today MEI has the largest worldwide installed base of unattended payment mechanisms.   In 2007, MEI reached a milestone of selling more than four million bill acceptors and five million coin mechanisms worldwide.   Its products are in widespread use in the vending, soft drink, gaming, amusement, transportation, retail, and kiosk markets.   For more information on MEI and its products, visit www.meigroup.com or call 1-800-345-8215 in US (please refer to our website for various international telephone numbers). 

ABOUT TRITON:   With over 200,000 installations in over 24 countries worldwide, Triton has been a trusted leader in financial equipment affordability, quality, and service for 30 years.   Triton’s full-line of ATMs and smart safes are designed and assembled in the USA at our state-of-the-art manufacturing facility in Long Beach, Mississippi.   For more information, visit www.triton.com, call (228) 575-3100 or (866) 7-TRITON toll free in North America, or email kurtis.johnson@triton.com.