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Verizon Unit Supplies Global IP Network for MEI

Verizon Business, a unit of Verizon Communications in Basking Ridge, today announced that it has provided a global network—including remote access—for MEI of West Chester, Pa., which manufactures unattended payment systems.Verizon Business, a unit of Verizon Communications (NYSE:VZ) in Basking Ridge, today announced that it has provided a global network—including remote access—for MEI of West Chester, Pa., which manufactures unattended payment systems. Under terms of the three-year agreement, Verizon Business designed and deployed a global, managed private IP network that connects MEI’s headquarters with its business centers across the U.S., in Switzerland, the U.K., Mexico, Australia and China.

MEI manufactures electronic bill acceptors, coin mechanisms and other unattended payment systems for the amusement, gaming, retail, transport and vending markets. It has the world”s largest installed base of unattended payment systems, handling in excess of 2 billion transactions per week in over 90 countries. Verizon Business manages more than 3,700 customer networks in 142 countries.

Verizon Communications shares were trading early this afternoon at $43.09.

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