"Clip is driving the connection between the physical and digital worlds of banking services for business. The Clip service provides increased access for businesses to perform basic cash deposit transactions that are fully compatible with all financial institutions through an intuitive app driven experience. This fast, convenient, and secure deposit method will now be available to Staples customers within its stores. Our partnership with Staples represents an important step in our growth as a company and we look forward to expanding the number of Clip Boxes at additional Staples locations across the greater US in the near future."Ĭash remains a vibrant retail payment instrument, while retail banking distribution and access prepares for a digital future for both consumers and business through rationalized branch networks. These initiatives are often at odds with the need for convenient and routine banking services like cash deposits for businesses. Businesses can make necessary cash deposits directly to their existing bank accounts at conveniently located Staples locations.
Joseph Arrage, CEO of Clip Money, stated, "The deployment of our Clip solution by Staples fills a very important void left by the increasing bank branch closures in the US. Clip Money will also be deploying additional boxes in the New York Metro and North Carolina markets beginning in Q3'22. The partnership will initially see 31 Clip smart drop solutions deployed within Staples stores in Massachusetts (26), Rhode Island (2), New Hampshire (1), and the newly reimagined Staples Connect stores in Los Angeles, CA and Auburn, Maine. ("Clip") CLIP announces a transformative distribution and marketing partnership with Staples US Retail ("Staples"), a leading US retailer providing innovative products, services, and inspiration essential to the new ways of working and learning. Clip Money's Bank a gnostic deposit network supports all small business deposits while accelerating the digital and branch transformation of leading Financial InstitutionsīOSTON, J(GLOBE NEWSWIRE) - Clip Money, Inc.Clip Money's convenient, retail-based cash de posit access expands Staples one stop experience for small businesses.