Cash depositing has never been better for US clothing retailer with Clip Money

Rhea-AI Summary

Clip Money, Inc. has been chosen by a national clothing retailer with over 600 stores as their cash deposit solution. Clip offers cash management services to retailers, addressing challenges such as reduced bank branch access and rising armored carrier costs. The partnership expands Clip's list of enterprise retailers and aims to automate cash management processes and optimize cash flow.

BOSTON, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB:CLPMF), a leading fintech that brings convenient, cost-effective cash management services to retailers, has been selected by a national clothing retailer with over 600 stores as their cash deposit solution.

Clip’s growing list of enterprise retailers are facing similar challenges in managing cash including reduced bank branch access and hours of operation, rising armored carrier costs, and a lack of transaction visibility all of which creates more pressure on time-strapped resources to make deposits and reconcile with legacy tools. With its national network of convenient deposit locations in leading shopping malls and commercial power centers, Clip is the perfect partner for retailers looking to transform current cash management operations. This partnership extends the list of enterprise retailers who are benefitting from the innovation and convenience of the Clip Money network including Lids, Pepper Palace, Cherry Hill Programs, and Invicta.

"We are thrilled to partner with leading national retailers and provide them with our innovative cash management solution," said Joseph Arrage, CEO of Clip. "By automating cash management processes, tracking every deposit, and optimizing cash flow, I am confident our solution will support their accounting, operations, and loss prevention objectives and enable a great experience across all of the retailer’s associates. We look forward to being a part of their existing and upcoming store launches as their preferred cash management solution.”

To learn more, please visit www.clipmoney.com, and for a full list of locations, visit https://clipmoney.com/locations   

About Clip
Clip Money, Inc. (TSXV:CLIP) (OTCQB:CLPMF) is an infrastructure enabled Fintech that provides the fastest and easiest way for businesses to make deposits securely to their current business bank account through a national network of smart drop box locations in malls, big box stores, and grocery chains. Clip Money, Inc. improves the business deposit experience through transformational digital and mobile enabled platform services. In 2022, Clip announced strategic collaborations with Staples, BentallGreenOak (BGO), Simon®, Parkland, national fuel distributor, Spinoso Real Estate Group with additional announcements pending.

Joseph Arrage
Chief Executive Officer
IR@clipmoney.com
tel: 844-593-2547

FAQ

Who has selected Clip Money, Inc. as their cash deposit solution?

A national clothing retailer with over 600 stores has chosen Clip Money, Inc. as their cash deposit solution.

What challenges does Clip Money, Inc. address with its cash management services?

Clip Money, Inc. addresses challenges such as reduced bank branch access, rising armored carrier costs, and a lack of transaction visibility.

What benefits does Clip Money, Inc.'s solution offer to retailers?

Clip Money, Inc.'s solution automates cash management processes, tracks every deposit, and optimizes cash flow, supporting accounting, operations, and loss prevention objectives.

Which retailers are already benefitting from Clip Money, Inc.'s cash management solution?

Lids, Pepper Palace, Cherry Hill Programs, and Invicta are among the enterprise retailers already benefitting from Clip Money, Inc.'s cash management solution.

Where can I find more information about Clip Money, Inc. and its locations?

To learn more about Clip Money, Inc., visit their website at www.clipmoney.com. For a full list of locations, visit https://clipmoney.com/locations.