Asset finance provider PEAC Solutions has collaborated with Crane Payment Innovations (CPI), a Crane NXT company, to provide rental schemes for CPI's convenience services.

The partnership aims to enable customers to access CPI's vending solutions through PEAC's rental programme. These solutions include BevMax and Merchant machines, as well as COTI coffee product lines.

These solutions are equipped with fully integrated cashless readers for card processing and digital touchscreens for two-tier pricing and promotions.

The programme is classified as an operating expense, providing financial advantages over traditional capital expenditures.

CPI vice president and general manager of convenience services Sharon Peyer said: “We are thrilled to partner with PEAC Solutions on rental programmes that help more businesses benefit from the sales and profit enhancements of our equipment and fully integrated connectivity solutions without the upfront burden.

“Early indicators suggest PEAC’s rental programme could be a game-changer for many operators who have traditionally relied on borrowing or purchasing lower-end or used machines."

PEAC Solutions' programme development director Bernadette Braden said: "The new rental programme with Crane Payment Innovations is a departure from traditional ways of accessing capital for vending machine operators, something necessary in today’s changing economy.

“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 programme showcases PEAC’s flexibility and consultative approach to lending, creating positive change for equipment operators in today’s world.”

With operations across North America, Europe, and the UK, PEAC offers lease and loan products to equipment manufacturers, distributors, and dealers. It specialises in finance solutions to enhance business productivity and growth.

In addition to its partnership with CPI, PEAC has recently launched a financing initiative with US-based manufacturer and distributor Exodus Global.

The initiative provides rental companies with financing options for Exodus Global's brands, including Connect Work Tools, ShearCore, RockZone Americas, and OilQuick Americas.

It supports various financing structures tailored to fleet operators' needs.

"PEAC Solutions partners with Crane Payment Innovations" was originally created and published by Leasing Life, a GlobalData owned brand.

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