Crane Payment Innovations (CPI), the leader in cash management solutions for retail, introduced its high-speed CLS Coin Recycler, the smallest and fastest coin recycling device available today. The CLS Coin Recycler shaves up to 10 seconds off every cash transaction, speeding customer throughput during peak hours.
The unit’s built-in security features ensure coins are protected, reducing shrink. By automating coin handling, CPI’s CLS Coin Recycler offers c-store operators a cost-effective way to offset rising labor costs through reduced shrink and improved staff productivity, while speeding transactions—and convenience—for customers.
A 2015 cash management study by CSP Magazine reveals that 64% of c-store respondents named cash shrinkage as their most serious cash handling issue, while 60% cited inefficient cash handling as the second most serious issue they faced. Compound that with skyrocketing labor costs and you have a compelling case for automated coin handling. According to the NACS 2015 State of The Industry Annual Report, “Wage costs in the retail sector are threatened with vast increases as the call for $15 an hour minimum wage spreads. The only way to directly combat wage increases of that magnitude is through the greater use of technology or the reduction of hours.”
“CPI cash automation products are installed in 90% of all retail self checkout machines in the US,” noted Jan-Hinrik Bauwe, VP & GM of Retail at Crane Payment Innovations. “We designed the CLS Coin Recycler to bring the same automated efficiencies and speed to the convenience store checkout process, either on the counter or embedded in a payment device.”
The CLS Coin Recycler by CPI is designed as a retail and parking cash management solution.
CLS Coin Recycler Key Features
- Reduces time spent replenishing coin, balancing tills and processing coins for deposit
- Saves up to 10 seconds per cash transaction
- Reduces shrink
- The double-locking mechanism ensures coin is protected
The CLS Coin Recycler is now available direct from Crane Payment Innovations. For product information, please call 610-430-2700, email sales@CranePI.com or visit www.cranePI.com. See the CLS Coin Recycler in action at NACS 2016, Booth #3655.
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.