Clip Money and Staples Partner with U.S. Retail to Offer Businesses a Retail Cash Deposit Solution

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Money Clip Inc

  • Deploying Clip Money’s smart deposit solution in strategic Staples locations across the United States

  • money clip convenient retail cashposit access expands Staples’ one-stop-shop experience for small businesses.

  • money clip bank oneThe gnostic deposit network supports all small business deposits while accelerating the digital and branch transformation of major financial institutions

BOSTON, June 14, 2022 (GLOBE NEWSWIRE) — Clip Money, Inc. (“Clip”) (TSXV: CLIP) announces a transformative distribution and marketing partnership with Staples US Retail (“Staples”), a leading U.S. retailer offering products, services and inspiration essential to new ways of working and learning. The partnership will initially see 31 Clip smart deposit solutions rolled out to Staples stores in Massachusetts (26), Rhode Island (2), New Hampshire (1) and newly redesigned Staples Connect stores in Los Angeles, California and Auburn , Maine. Clip Money will also roll out additional boxes in the New York and North Carolina subway markets starting in Q3 22.

Joseph Arrage, CEO of Clip Money, said, “The deployment of our Clip solution by Staples fills a very important void left by the increase in bank branch closures in the United States. Businesses can make the necessary cash deposits directly into their existing bank accounts at conveniently located Staples branches. Our partnership with Staples represents an important step in our growth as a company and we look forward to increasing the number of Clip Boxes in other Staples locations across the United States in the near future.

Cash remains a dynamic retail payment instrument, while the distribution and access to retail banking services paves the way for a digital future for consumers and businesses through streamlined branch networks. These initiatives are often at odds with the need for convenient and everyday banking services like cash deposits for businesses. 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 in its stores.

“Clip is driving the connection between the physical and digital worlds of corporate banking. As Staples evolves to become a leader in working and learning, providing innovative products and services to customers, Clip Money’s premier business banking deposit solution can accelerate and diversify Staples’ innovative offerings, creating greater loyalty with its customers,” added Joseph Arrage. .

“Staples Connect, the work and learn store, will now allow business customers to deposit cash into any existing bank account. This new, innovative and first-to-market service gives business customers greater flexibility in where and when to make deposits. said Patrick Wellen, director of new services for Staples.

The Clip at Staples US Retail service will launch in June at the following Staples US Retail stores:

City, state

Los Angeles, CA

Framingham, MA

Seekonk, MA

Acton, Mass.

Hadley, Mass.

Somerville, Mass.

Braintree, MA

Hyannis, MA

Waltham, MA

Brighton, MA

Mansfield, MA

Westfield, MA

Brockton, Mass.

Milford, Mass.

Weymouth, MA

Burlington, MA

Needham, Mass.

Auburn, ME

Cambridge, MA

North Andover, MA

Concord, NH

Chicopee, MA

North Beverly, Massachusetts

Middletown, RI

Danvers, MA

Norwood, MA

Warwick, RI

Dedham, MA

Raynham, Mass.

Fall River, MA

S. Attleboro, MA

For more information on our transformational deposit solution, visit www.clipmoney.com.

About Staples US Retail

With a focus on the small business and consumer community, Staples US Retail provides innovative products, services and inspiration essential to new ways of working and learning. Staples stores and Staples Connect outlets serve millions of customers, from entrepreneurs and small businesses to remote workers, parents, teachers and students. Check out Staples Connect at a local Staples store or online at StaplesConnect.com.

About Clip Money Inc.

Clip Money Inc. is an infrastructure-enabled fintech that enables businesses to make fast, easy, and secure deposits into your current business bank account through a nationwide network of drop boxes in shopping malls, retail stores, big box and grocery chains. Clip Money, Inc. enhances the business deposit experience with transformational digital and mobile platform services.

For more information, visit www.clipmoney.com and follow us on LinkedIn.

Clip Money Inc.
Joseph Arrage
Chief executive officer
IR@clipmoney.com

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