PEAC Solutions announced a new partnership with Crane Payment Innovations (CPI), a Crane NXT, Co. company and a global leader in unattended retail and payment technologies. This collaboration will allow customers to obtain CPI’s Convenience Services through PEAC’s rental program.
PEAC’s rental program gives businesses access to CPI’s best-in-class vending solutions for a low monthly payment, allowing them to conserve capital and manage their cash flow more effectively. As the rental option is classified as an operating expense, it offers additional financial advantages compared to traditional capital expenditures.
“We are thrilled to partner with PEAC Solutions on rental programs that help more businesses benefit from the sales and profit enhancements of our equipment and fully integrated connectivity solutions without the upfront burden,” said Sharon Peyer, VPGM, Convenience Services at CPI. “Early indicators suggest PEAC’s Rental Program could be a game-changer for many operators who have traditionally relied on borrowing or purchasing lower-end or used machines.”
The partnership applies to CPI’s BevMax and Merchant machines as well as its COTI coffee product lines, including their fully integrated cashless readers for card processing, and digital touch screens for two-tier pricing, promotions, and more.
“The new rental program with Crane Payment Innovations is a departure from traditional ways of accessing capital for vending machine operators, something necessary in today’s changing economy,” said Bernadette Braden, CLFP, Director Program Development, CT&I National Accounts at PEAC Solutions. “We are excited to partner with CPI to offer a rental solution that puts machines into service with predictable payments over the terms of the rental. This new program showcases PEAC’s flexibility and consultative approach to lending, creating positive change for equipment operators in today’s world.”
This partnership is another example of PEAC Solutions’ mission to create innovative financing programs tailored to the evolving needs of today’s industries.
