MALVERN, PENNSYLVANIA – August 8, 2024 – Crane Payment Innovations (CPI) is pleased to announce its partnership with Verifone, a leading provider of point-of-sale (POS) technology and secure payment devices. This partnership will enable the seamless integration of CPI’s cash automation solution, Paypod™, with the Verifone Commander POS and self-checkout solutions for convenience stores. The implementation of Paypod will enable stores with the Commander C18 checkout system to easily add cash acceptance with no additional technology upgrades.  

“Verifone strives to create and innovate solutions that increase throughput and enhance the merchant and end customer experience at checkout,” said James Hervey, Head of Verifone Petro. “This partnership and integration highlights the ease at which partners can tap the benefits and reach of our Verifone Commander platform, and it adds to the plethora of payment types that Commander seamlessly supports in the convenience store industry.” 

Automated cash acceptance provides convenience stores with the payment flexibility that many store owners prefer. Automating cash acceptance at self-checkout is a proven method to create an enhanced customer experience, increase transaction throughput, and combat challenges associated with common labor shortages.  

“Combining technological expertise with commercial excellence, our partnership with Verifone benefits store owners and customers alike who are looking for more flexible payment options,” said Curtis Hallowell, Director, Strategic Alliances. “With the integration of Paypod into Verifone’s C18 point-of-sale system, stores can cater to all customers, regardless of their preferred payment method.” 

About CPI
Crane Payment Innovations (CPI) is part of Crane NXT, Co., a premier industrial technology company. CPI provides a full range of unattended payment solutions aimed at the 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 brand. CPI is headquartered in the United States with offices, manufacturing facilities, distribution, and service centers worldwide. For additional information, visit www.cranepi.com

About Crane NXT
Founded in 2023 following the separation of Crane Holdings, Co. into two separate companies, Crane NXT is comprised of Crane Payment Innovations, Crane Currency, and OpSec Security. Together, we have over 4,000 associates who are focused on providing advanced technologies and services to our customers worldwide. 

Our deep expertise, proprietary technologies, and aftermarket services help our customers protect their most important assets while ensuring seamless and secure transactions. Crane NXT is listed on the New York Stock Exchange under the symbol CXT. For more information, visit www.cranenxt.com.

About Verifone
Verifone is the payments architect shaping ecosystems for online and in-person commerce experiences, including everything businesses need – from secure payment devices to eCommerce tools, acquiring services, advanced business insights, and much more. As a global FinTech leader, Verifone powers omni-commerce growth for companies in over 165 countries and is trusted by the world's best-known brands, small businesses and major financial institutions. The Verifone platform is built on a four-decade history of innovation and uncompromised security, annually managing more than 12B transactions worth over $500B on physical and digital channels. Learn more at Verifone.com. 

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