Crane payment innovations (cpi) announces partnership with WPS Parking Systems

Crane Payment Innovations (CPI), the world-wide leader in providing cash payment solutions, today announced that the company has partnered with WPS Parking Systems, a leading provider of reliable parking management solutions, to integrate CPI’s cash recycling technology into WPS’ pay-on-foot equipment. Through this partnership, CPI’s SCR bank note recycler is being added to WPS stations throughout the United States and Canada that currently can accept bills but not return them as change or existing stations that utilize old style bill dispensers. The implementation of the SCR note recycler eliminates the need for additional bill dispensers. This upgrade also allows stations that currently only dispense one note denomination to now dispense two denominations (ie 1’s & 5’s).

The SCR is a two-denomination recycler that can collect and dispense cash in a fraction of the time required by traditional cash payment equipment. It also features innovative security features that eliminate the risk of theft, and has a small footprint that can seamlessly be integrated with existing parking access and revenue control equipment. CPI’s SCR, which was introduced last year, is ideal for the parking marketplace and quickly gained widespread adoption throughout the world.

“The addition of the SCR to WPS’s pay-on-foot equipment will offer unprecedented customer service and security for parking facilities that use WPS equipment,” said Bryan Alexander, industry sales manager for Crane Payment Innovations. “The SCR represents a technological breakthrough for parking owners and operators that makes accepting cash just as convenient as taking credit cards. Many parkers prefer to pay for parking with cash rather than credit cards, and the addition of CPI’s SCR is an important customer service amenity for those who prefer to pay with cash.”

About WPS

WPS USA Corp, a division of Dynniq mobility solutions, was founded in 1985 and was the first supplier of automated parking systems to use intelligent barcode technology. WPS is recognized world-wide as a leading provider of reliable parking management solutions with focus on “practical innovation”.

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.

CPI works in partnership with valued customers to enhance its portfolio of high-quality payment solutions – from coin and bill processing to cashless systems and asset management software.

CPI is headquartered in Malvern, PA with additional offices, manufacturing facilities, distribution and service centers worldwide. The company holds one of the world’s largest installed bases of unattended payment systems. For more information, visit www.CranePI.com.