Crane Payment Innovations (CPI) is a global leader in the design, manufacture, and distribution of cash payment solutions. Established in 2006, CPI is headquartered in Malvern, Pennsylvania, USA, and has a significant presence in Canada. Although it originated as a division of the Crane Co, CPI became an autonomous company in 2006, dedicated to providing innovative payment technologies.

CPI offers a comprehensive range of products and services to various industries, including gaming, retail, transportation, and vending. Its main products include bill validators, coin validators, coin hoppers, and note recycling technology, all designed to enhance security, efficiency, and reliability of cash transactions. CPI's extensive portfolio also includes payment software, connectivity devices, and value-added services like payment system consulting.

With a strong global presence, CPI operates through numerous subsidiaries, joint ventures, and partnerships. Notably, it has subsidiaries in many countries, including Canada, the United Kingdom, Germany, France, Italy, China, Japan, and Australia. These subsidiaries facilitate local sales, support, and manufacturing operations, ensuring efficient service to customers worldwide.

CPI has also entered into joint ventures and partnerships with leading companies to expand its market reach and offer integrated solutions. CPI has established a dominant market position, solidifying its presence as a global industry leader. Its cash payment solutions are widely recognized for their reliability, security features, and advanced technologies.

The company's commitment to innovation has been instrumental in sustaining its competitive edge. It consistently invests in research and development to develop cutting-edge products that meet evolving market demands. Over the years, CPI has achieved significant milestones and experienced notable growth.

In 2019, it expanded its product lineup by acquiring the assets of Cummins Allison, a leading provider of coin and currency handling systems. This strategic move further strengthened CPI's position in the cash automation market. As of the latest information available, CPI continues to grow and innovate, leveraging its deep industry expertise.

A testament to its success is its customer base, which includes major global retailers, financial institutions, casinos, and transportation providers. Overall, CPI remains at the forefront of cash payment solutions, continuously evolving to meet the changing needs of businesses and consumers in the digital era