CRANE PAYMENT SOLUTIONS
Crane Payment Solutions
Crane Payment Solutions represents 178 years of collective experience. We believe our founder, R.T. Crane, would be proud.
Rich in History B
ack in 1855, if you told Richard T. Crane that his company would someday be worth over $2.2 billion dollars, he may have just believed you. From a humble beginning casting lightening rod tips,
Crane quickly engaged his company into America’s fastest growing industries; Construction and Transportation – and he didn’t stop there.
Over the next 100 years Crane Co. retained parent company status and spawned five separate divisions developing numerous technologically-advanced products for many industries including aerospace, electronics, engineered materials, and fluid handling.
Crane Co. history includes lending water pumps to help douse the Great Fire of Chicago in 1871; 30 years of pioneering elevator innovations for safe and reliable operations before selling the branch to Otis Elevator Company; and supplying railing materials for the Golden Gate Bridge in San Francisco in 1935. The 1951 Hydro-Aire acquisition established Crane Co. as a supplier to military & commercial aircraft industries and manufacturer of coolant hardware for the Apollo space missions.
Although officially Crane Payment Solutions
has only been around for five years, the brands behind the name: NRI, CashCode, Money Controls and Telequip (retail) collectively hold 178 years of history and innovation. It is this experience that drives us forward, and gives us strength to continuously improve upon company traditions.
26 SEPTEMBER 2011 Driven by Innovation Combined, Crane Payment Solutions holds over
200 patents and boasts several industry changing standards.
In 1996 Money Controls
introduced ccTalk serial protocol which is now widely accepted as an industry standard and in 2010 subsequently added DES encryption to certain commands to make it more resilient against attacks on the system. Money Controls was also the first bill validation company to introduce full note scanning capabilities and
unique last bill imaging technology. In 1997 CashCode was
granted a patent for split housing or better known as tool free service access which was a revolutionary idea at the time. In 2000 CashCode introduced a FrontLoad bill validator with a true centering mechanism which is still envied today.
NRI developed the first electronic validator for the 1972 Olympic Games in Munich. It was installed in ticket vending machines for the German Railways.
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