PRESS RELEASESource: Crane Payment Innovations | Released May 22, 2014
EMV liability shift to merchants is examined for the vending industry and operators
MALVERN, PA -- May 22, 2014 -- Crane Payment Innovations has released the recorded video footage of an EMV centered Technology Panel held during the 2014 NAMA OneShow. In partnership with Crane Merchandising Systems, CPI covered a burgeoning topic for the vending space in an engaging question and answer session between expert panelists and an audience of vending operators.
During the 50 minute discussion, cashless experts from CPI and Crane Merchandising Systems covered:
» A definition of EMV and what its adoption brings to vending
"CPI is proud of the work the MEI team already accomplished globally in the EMV space," said CPI Cashless Product Manager Patrick Richards. "As a unified company, we will continue to expand our reach in this market. To date, we have over 20,000 devices processing EMV transactions, which uniquely positions CPI as a lead educator in vending for the United States transition. For this reason we chose EMV as the topic for our 2014 Technology Panel."
» Transition dates for the United States and current global deployments
» Clarification of the "liability shift" and what it means to operators
» Facts operators should consider when making cashless investment decisions
» Where to find EMV solutions today
The potential costs associated with EMV, risk assessment criteria for operators, and the components of the ecosystem were also covered during the Technology Panel.
To view the video footage, click here or watch below.
For more information on EMV and cashless vending solutions contact CPI at (800) 345-8215.
ABOUT CPI: Crane Payment Innovations (CPI) is part of Crane Co., a diversified manufacturer of highly engineered industrial products (NYSE:CR). CPI provides a full range of unattended payment solutions for Gaming, Retail, Transportation, Vending and Financial Services applications. CPI is built upon the technological heritage and market expertise of the NRI, CashCode, Telequip, Money Controls and, most recently, MEI and Conlux brands. For more information, visit www.CranePI.com.
ABOUT CMS: Crane Merchandising Systems, a segment of Crane Co. (NYSE: CR), designs and manufactures a diverse, yet integrated portfolio of automatic merchandising equipment across multiple verticals, including hot and cold beverage, snack, and food. It also offers other vending solutions including cashless processing, payment devices, vending management software and wireless communication technology. Its legacy of brands (Automatic Products®, Dixie Narco®, GPL®, National Vendors™, Stentorfield™ and Streamware®) enables Crane to provide customers a complete, cross-platform solution while maintaining innovation and a commitment to quality and service. Visit www.cranems.com.
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