CPI expands portfolio of checkout solutions with launch of Paypod™ Compact

Malvern, PA, August 7th, 2023 – Crane Payment Innovations (CPI), has announced the launch of their new cash automation solution, Paypod Compact. CPI provides solutions for retailers seeking fully customizable self-service or attended lane checkout systems, and Paypod Compact is the latest addition to the company’s portfolio of automated cash management solutions.

Paypod Compact is the cornerstone of CPI checkout technology, delivering fast, secure, compact cash acceptance in all checkout designs. The new front-access Paypod variant, equipped with CPI note and coin acceptors, enhances the store experience by automating cash acceptance and minimizing wait times for all customers – not only those paying with cash, a card or digital wallet.

Jan-Hinrik Bauwe, President of Crane Payment Innovations, said, “Successful checkout technologies begin with exceptional payment technologies. With more than 10 million devices installed worldwide, we provide our customers with a solid foundation to achieve their revenue and profitability goals. Paypod Compact is the latest innovation to fulfill our mission to provide fully flexible checkout technologies for our customers.”

The Paypod portfolio delivers value to retailers by reducing checkout lines, increasing sales, and easing the burden of labor shortages. With reduced time spent on cash management, staff can focus on customer services that drive growth. The new Paypod Compact is a front-access solution compared to its rear access and tabletop predecessors, making it the perfect fit for integration into multiple applications. This sleek cash automation solution provides a streamlined and efficient payment experience for every customer while maximizing available floor space for retailers.

Paypod is designed with customers in mind. Marvin van Dijken, VP Sales, Retail Checkout, said, “We noticed a demand for reliable, easy-to-integrate cash payment solutions for our customers’ custom self-checkout systems. To address this rising need, we developed Paypod Compact, a seamless cash management solution that gives our customers an advantage that allows them to provide their customers with a more efficient checkout experience.”

Paypod Compact enables seamless implementation and communication between cash components and point of sale systems through our universal API (Application Programming Interface). Additionally, with Simplifi™ Remote Management Software, customers gain valuable insights into hardware health, cash inventory, and warnings of changing conditions.

Find more information about the product - https://www.cranepi.com/en/products/self-service-solutions/self-checkout/paypod-compact

About CPI: Crane Payment Innovations (CPI) is part of Crane NXT, a premier industrial technology company. CPI provides a full range of unattended payment solutions aimed at Gaming, Retail, Transportation, Vending and Financial Services applications. CPI is built on the technological heritage and market expertise of the Conlux, MEI, NRI, CashCode, Telequip, Money Controls, and the Cummins-Allison brands. CPI is headquartered in the United States with further offices, manufacturing facilities, distribution, and service centers worldwide. For additional information, visit www.cranepi.com.

About Crane NXT, Co.: Crane NXT is a premier industrial technology company that provides trusted technology solutions to secure, detect, and authenticate what matters most to its customers. Crane NXT is a pioneer in advanced micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies. Crane NXT has approximately 4,000 employees with global operations and manufacturing facilities in the United States, the United Kingdom, Mexico, Japan, Switzerland, Germany, Sweden, and Malta. Crane NXT, Co. is listed on the New York Stock Exchange under the symbol CXT. For more information, visit www.cranenxt.com.

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