Cash Accepting Self-Checkout
Cash recycler hardware integrated into POS from yahoo/finance
cash accepting self-checkout c-store
GREENSBORO, NC, Dec. 16, 2021 (GLOBE NEWSWIRE) — Gilbarco Veeder-Root today announced a partnership with Crane Payment Innovations (CPI), a global leader in cash processing and asset management software, to offer cash automation technology with the Passport® Express Lane™ Self-Checkout system for convenience stores.
Through this partnership, CPI’s Paypod™ cash recycler hardware is available as an optional feature for Passport Express Lane. Cash remains an important aspect of the c-store environment with more than a quarter (28 percent) of all in-person transactions still paid in cash in the retail landscape. Cash transactions are even more common with purchases under $25, making solutions like CPI’s Paypod E24 vital to c-store operations.
“Many retailers expressed a desire to accept cash through self-checkout,” said Julia Collins, product manager, Gilbarco Veeder-Root. “We created Passport Express Lane specifically for convenience stores as a solution to deliver speed of service, address labor shortages and maximize purchase efficiencies. We’re excited to once again meet our customers’ needs through our partnership with CPI, further reinforcing our mission to provide the best-in-class solutions.”
Four out of 10 consumers will abandon a purchase due to long lines. With labor shortages causing staffing stress for retailers, cash acceptance ensures all customers, regardless of payment method, have the option for a seamless self-checkout experience.
Paypod cash recyclers also bring multiple benefits, such as reducing daily cash reconciliation activities, streamlining retail operations, reducing shrink, removing hygiene concerns, and helping customers maximize their investment with a solution designed to evolve with the market.