Crane Payment Innovations Announces Commercial Availability Of New Bill And Coin Validation Solutions

MALVERN, PENNSYLVANIA – May 28, 2019 – Crane Payment Innovations (CPI), a Crane Co. company, announces the commercial availability of new bill validator, Talos^TM, and new coin changer, Gryphon^TM. The new products mark the next generation in note and coin validation for the CPI vending portfolio.

The Talos bill validator improves upon existing CPI cash hardware technology with a range of new features, including increased note coverage for faster transaction speed, enhanced sensor technology for superior fraud protection, and 100% backward compatibility for easy integration with all legacy bezels and cash boxes. Meanwhile, the Gryphon coin changer introduces proprietary sensing technology for increased fraud protection, additional motors for increased reliability, and 12% more tube capacity for advanced configuration options. Both note and coin products are also equipped for USB connectivity for seamless updates.

A particular point of distinction is that the Talos bill validator and Gryphon coin changer are the first of their kind to be equipped for mobile connectivity when paired with the new CPI Synq^TM connectivity module. With Synq, real-time data, alerts, diagnostics, and troubleshooting are available via the Simplifi^TM mobile app. This suite of connectivity-enabled products promises a decrease in service costs and time, as well as a reduction in routine machine maintenance.

“We are proud of our long history providing the vending industry with the best-in-class cash validation products,” said Chuck Reed, VP/GM of vending for Crane Payment Innovations. “The launch of our next generation coin and note validation solutions highlights our focus on innovation that delivers measurable value to operators through superior currency validation, performance, simplified diagnostics, and the reliability operators expect.”

For more information about the product launch from Crane Payment Innovations, please visit www.cranepi.com/connected-cash. 

About CPI

Crane Payment Innovations (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.

Crane Co. is a diversified manufacturer of engineered industrial products.  Crane Co. is traded on the New York Stock Exchange (NYSE:CR).