NORWOOD, MA — Crane Merchandising Systems plans to launch a new business unit, Crane Payment Solutions, at the 2006 National Automatic Merchandising Association National Expo in Orlando, FL.
The new division brings together a number of related CMS businesses, including NRI, CashCode and Telequip. All are strong technology-driven brands in the payment systems market. Also slated for preview in booth 829 is an advanced bill recycling solution.
CMS has built its payment solutions capability through internal growth and strategic acquisitions, said president Brad Ellis. “NRI, a European leader in coin validation systems, has always been a part of National Vendors,” he explained, adding that a standalone coin mech could not compete in the U.S. market without a companion bill validator. “In 2005, we began marketing the NRI E-66 coin acceptor with JCM’s Optipay, an innovative payment solution with a bill recycler. Our overwhelming success with Optipay – whose customer acceptance has well exceeded expectations – led us to invest in our own bill validation capabilities with the 2006 CashCode acquisition.”
Ellis observed that the recent acquisition of Telequip has further expanded CMS’s payment solutions opportunity. “Forming an integrated Crane Payment Solutions organization was a logical next step to capitalize upon the technical synergies available through each of the three businesses,” he pointed out.
The Payment Solutions team will work closely with the Vending Solutions group to provide improved compatibility of equipment, vending management software and payment systems, Ellis reported.
Chuck Reed of Crane Payment Solutions added that Crane has “a number of new payment solution innovations in the pipeline that draw on each company’s historic strengths.” The new division thus looks forward to being a substantial solution provider to this important segment of the vending market, he said.
CMS, a Crane Co. company, is a global vending industry leader with multiple brands and business units across several continents. It manufactures vending equipment under the National Vendors, Automatic Products, GPL and Stentorfield brands. Its business units also include Streamware, a developer of vending software and provider of vending market intelligence; CMS Parts and Support; and the new Crane Payment Solutions unit. CMS now can offer a completely integrated package, from payment systems through equipment and software to aftermarket parts and service. Headquartered in Bridgeton, MO, CMS has offices in Norwood, MA; St. Paul, MN; Salem, NH; Toronto and in several European locations. Information may be had at the company’s website, cranems.com.