MEI has one of the world's largest installed bases of unattended payment systems, handling over 2 billion transactions per week in more than 120 countries. The company developed the world's first electronic coin mechanism in the 1960s, followed by the first electronic non-contact bill validator. More recently, MEI added cashless solutions, vending management software, and bill recycling technology to its portfolio.
MEI's payment systems technology is well respected by customers, and considered a highly reliable choice for hundreds of real-world applications. Through its commitment to quality and innovation, MEI continues to provide state-of-the-art products for the gaming, retail, transportation, vending, and financial services markets.
In December 2013, MEI was acquired by Crane Co. MEI was combined with Crane's Payment Solutions business to form Crane Payment Innovations (CPI). The former MEI headquarters in Malvern, PA, USA, has become the new headquarters of CPI, with sales offices and manufacturing facilities worldwide.