Clip Money and Green Dot Partner to Launch Business Cash Deposit Service in Retail Stores
Clip Money (CLPMF) and Green Dot (GDOT) have announced a strategic partnership to expand Clip Money's business deposit network by 4,000 locations across the United States. The collaboration leverages Green Dot's embedded finance platform and network to offer businesses over-the-counter cash deposit services at retail and grocery locations.
This expansion makes Clip Money the operator of the largest non-bank business deposit network in the U.S., with over 7,000 total deposit locations. The partnership creates an omni-channel network through various deposit options, including ClipDrop boxes, ClipATMs, and in-person over-the-counter services. Local businesses can now deposit cash directly into their existing bank accounts at convenient retail locations without visiting traditional bank branches during banking hours.
The Green Dot Network comprises more than 95,000 retail locations throughout the U.S., including Walmart, Walgreens, 7-Eleven, and CVS, with 96% of the U.S. population living within three miles of a location.
Clip Money (CLPMF) e Green Dot (GDOT) hanno annunciato una partnership strategica per espandere la rete di depositi aziendali di Clip Money con 4.000 nuove sedi negli Stati Uniti. Questa collaborazione sfrutta la piattaforma di finanza integrata e la rete di Green Dot per offrire alle aziende servizi di deposito di contante al banco presso negozi al dettaglio e supermercati.
Questa espansione rende Clip Money l'operatore della rete di depositi aziendali non bancari più grande degli Stati Uniti, con oltre 7.000 sedi di deposito totali. La partnership crea una rete omnicanale attraverso diverse opzioni di deposito, tra cui le cassette ClipDrop, i ClipATM e i servizi di deposito di persona al banco. Le imprese locali possono ora depositare contante direttamente nei propri conti bancari esistenti presso comodità retail senza dover visitare le filiali bancarie tradizionali durante l'orario di apertura.
La rete Green Dot comprende più di 95.000 sedi al dettaglio in tutto il territorio degli Stati Uniti, inclusi Walmart, Walgreens, 7-Eleven e CVS, con il 96% della popolazione statunitense che vive entro tre miglia da una sede.
Clip Money (CLPMF) y Green Dot (GDOT) han anunciado una asociación estratégica para expandir la red de depósitos comerciales de Clip Money con 4,000 ubicaciones adicionales en los Estados Unidos. Esta colaboración aprovecha la plataforma de finanzas integradas y la red de Green Dot para ofrecer a las empresas servicios de depósito de efectivo en el mostrador en tiendas minoristas y supermercados.
Esta expansión convierte a Clip Money en el operador de la red de depósitos comerciales no bancarios más grande de EE. UU., con más de 7,000 ubicaciones de depósito totales. La asociación crea una red omnicanal a través de varias opciones de depósito, incluidas las cajas ClipDrop, ClipATMs y servicios en persona en el mostrador. Las empresas locales ahora pueden depositar efectivo directamente en sus cuentas bancarias existentes en ubicaciones minoristas convenientes sin tener que visitar sucursales bancarias tradicionales durante el horario bancario.
La red Green Dot comprende más de 95,000 ubicaciones minoristas en todo EE. UU., incluidas Walmart, Walgreens, 7-Eleven y CVS, con el 96% de la población estadounidense viviendo a menos de tres millas de una ubicación.
Clip Money (CLPMF)와 Green Dot (GDOT)는 미국 전역에 4,000개의 장소로 Clip Money의 사업 예치 네트워크를 확장하기 위한 전략적 파트너십을 발표했습니다. 이 협력은 Green Dot의 임베디드 금융 플랫폼과 네트워크를 활용하여 소매점과 식료품점에서 기업에게 현금 예치 서비스(카운터)를 제공합니다.
이번 확장을 통해 Clip Money는 미국 내 최대 비은행 사업 예치 네트워크의 운영자가 되며, 7,000개 이상의 총 예치 장소를 확보하게 됩니다. 이 파트너십은 ClipDrop 박스, ClipATM, 대면 카운터 서비스 등 다양한 예치 옵션을 통해 옴니채널 네트워크를 생성합니다. 지역 기업들은 이제 전통적인 은행 영업 시간에 은행 지점을 방문하지 않고도 편리한 소매점에서 기존 은행 계좌에 직접 현금을 예치할 수 있습니다.
Green Dot 네트워크는 Walmart, Walgreens, 7-Eleven, CVS를 포함해 미국 전역에 95,000개 이상의 소매 장소를 포함하며, 미국 인구의 96%가 3마일 이내에 해당 장소가 있습니다.
Clip Money (CLPMF) et Green Dot (GDOT) ont annoncé un partenariat stratégique pour étendre le réseau de dépôts commerciaux de Clip Money à 4 000 emplacements supplémentaires à travers les États-Unis. Cette collaboration exploite la plateforme de finance intégrée et le réseau de Green Dot afin d'offrir aux entreprises des services de dépôt de liquidités au guichet dans les points de vente et les supermarchés.
Cette expansion fait de Clip Money l'opérateur du plus grand réseau de dépôts commerciaux non bancaires aux États-Unis, avec plus de 7 000 emplacements de dépôt au total. Le partenariat crée un réseau omnicanal à travers diverses options de dépôt, y compris ClipDrop boxes, ClipATMs et des services en personne au guichet. Les entreprises locales peuvent désormais déposer des espèces directement sur leurs comptes bancaires existants dans des magasins de détail pratiques sans avoir à visiter des agences bancaires traditionnelles pendant les heures d'ouverture.
Le réseau Green Dot comprend plus de 95 000 points de vente au détail à travers les États-Unis, y compris Walmart, Walgreens, 7-Eleven et CVS, avec 96 % de la population américaine vivant à moins de trois miles d'un point de vente.
Clip Money (CLPMF) und Green Dot (GDOT) haben eine strategische Partnerschaft angekündigt, um das Geschäftseinzahlungsnetzwerk von Clip Money um 4.000 Standorte in den Vereinigten Staaten zu erweitern. Die Zusammenarbeit nutzt die integrierte Finanzplattform und das Netzwerk von Green Dot, um Unternehmen Bargeldeinzahlungsdienste am Schalter in Einzelhandels- und Lebensmittelgeschäften anzubieten.
Diese Expansion macht Clip Money zum Betreiber des größten nichtbankenmäßigen Geschäftseinzahlungsnetzwerks in den USA, mit über 7.000 Gesamtstandorten für Einzahlungen. Die Partnerschaft schafft ein Omnichannel-Netzwerk mit verschiedenen Einzahlungsmöglichkeiten, darunter ClipDrop-Boxen, ClipATMs und persönliche am Schalter angebotene Dienstleistungen. Lokale Unternehmen können nun Bargeld direkt in ihre bestehenden Bankkonten an bequemen Einzelhandelsstandorten einzahlen, ohne während der Banköffnungszeiten traditionelle Bankfilialen besuchen zu müssen.
Das Green Dot-Netzwerk umfasst mehr als 95.000 Einzelhandelsstandorte in den USA, darunter Walmart, Walgreens, 7-Eleven und CVS, wobei 96 % der US-Bevölkerung innerhalb von drei Meilen einer Filiale wohnen.
- Expansion of deposit network by 4,000 locations, reaching over 7,000 total locations
- Creation of omni-channel network with multiple deposit options
- Partnership with established player Green Dot, accessing their 95,000 retail location network
- 96% coverage of U.S. population within three miles of service locations
- None.
Strategic Collaboration Expands Clip Money’s Deposit Network by 4,000 Locations in the United States Focused on Main Street Businesses
ATLANTA and PROVO, Utah, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip” or “Company”) (TSXV:CLIP) (OTCQB:CLPMF), a company that operates a multi-bank, self-service deposit network for businesses, and Green Dot Corp. (NYSE: GDOT) today announced they are expanding Clip Money’s over-the-counter deposit service for businesses through Green Dot Network locations nationwide. Utilizing Green Dot's embedded finance platform (Arc) and money movement network (the Green Dot Network) and Clip Money’s cash deposit technology platform, the partnership offers businesses a more convenient and efficient way to handle cash deposits at prominent national retail and grocery locations.
With this partnership, Clip Money adds over-the-counter business deposit service to its existing network of ClipDrop boxes and ClipATM locations, cementing the company as the operator of the largest non-bank business deposit network in the United States.
Green Dot, in collaboration with its retail partners, will enable Clip Money’s over-the-counter cash deposit service at more than 4,000 locations across the U.S. to facilitate easier deposits for businesses. Local area business owners will now be able to visit convenient retail locations in the Green Dot Network to deposit cash directly into their existing bank account, supported by the Clip Money network, without having to visit a traditional bank branch during banking hours.
Key Highlights of the Partnership:
- Largest Business Deposit Network: Clip Money solidifies its position as the largest non-bank business deposit network by number of locations, with over 7,000 total deposit locations across the U.S.
- Increased Network Capacity: The Clip Money network will have the capacity to serve businesses in high-traffic shopping malls, commercial power centers, and now Main Street shopping centers, significantly expanding its service capabilities.
- Omni-channel Network: This transformational partnership creates an omni-channel network through a variety of self-service and full-service deposit options and locations, including ClipDrop boxes, ClipATMs and in-person over-the-counter service, enabling businesses to choose the option and location that works for them.
“Achieving our mission to build the largest and most convenient business deposit network in the U.S. marks a significant milestone,” said Joe Arrage, CEO of Clip Money, Inc. “We are excited to partner with Green Dot on this transformative collaboration, which delivers an essential service that empowers businesses to reduce operating costs and dedicate more time to their customers. This partnership strengthens our value proposition for financial institutions and fintechs seeking to better service the small and medium-sized business market by partnering with Clip Money.”
“We are thrilled to partner with Clip Money to deliver more seamless and accessible financial services to businesses with a more expansive cash deposit network,” said Crystal Bryant-Minter, SVP, Money Movement at Green Dot. “The vast majority of small and medium-sized businesses want better cash management services at their disposal, and we are proud to support these business owners with tools that simplify their financial lives and empower them to focus on growing their business.”
For over 25 years, Green Dot has expanded access to modern banking and payment tools for consumers and businesses. The Green Dot Network of more than 95,000 retail locations throughout the U.S. offers cash-in and cash-out capabilities in stores including Walmart, Walgreens, 7-Eleven, CVS and more. As traditional banks continue closing brick and mortar locations across the U.S., particularly in underbanked communities, the Green Dot Network provides seamless access to cash services for almost all U.S. consumers, with 96 percent of the U.S. population living within three miles of a Green Dot Network location. The Green Dot Network’s money movement capabilities also enable partners to offer their customers the ability to move funds digitally between bank accounts.
About Clip Money Inc.
Clip operates a multi-bank, self-service deposit system for businesses through its network of ClipDrop Boxes and Clip-enabled ATMs. Rather than going to their personal bank branch or using an armored carrier service, businesses can deposit their cash at any ClipDrop or ATM located nearby at top retailers and shopping malls. Deposited funds are automatically credited to the business’ bank account, usually within 1 business day. The company combines functional hardware, an intuitive mobile app, and an innovative cloud-based transaction engine that maximizes business banking transactions. Clip also facilitates mobile change orders, which are fully insured and shipped within 1-2 business days. Clip Money offers a cost-effective and convenient solution for business banking deposits across major markets in Canada and the United States. For more information about the Company, visit www.clipmoney.com.
About Arc by Green Dot
Arc is the embedded finance platform of services featuring all of Green Dot's secure banking and money processing capabilities designed to fuel value, loyalty and growth for consumers and businesses. Arc by Green Dot powers some of the world's most trusted brands and thousands of other businesses with seamless, secure and useful financial tools and experiences.
Integrated with Green Dot Bank, Arc provides partners with leading FDIC-insured banking products and tools, plus regulatory and compliance expertise, oversight and support. The Arc platform is cloud-based, modular and scalable by design – configurable to meet a wide range of business needs and goals, and flexible to adapt as our partners grow. Arc's end-to-end banking services are powered by enterprise-grade APIs and offer partners access to comprehensive customer support, fraud protection, the largest retail deposit and ATM network in the U.S., and much more. For more information, visit greendot.com/arc.
About Green Dot
Green Dot Corporation (NYSE: GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money.
Green Dot delivers a broad spectrum of financial products to consumers and businesses through its portfolio of brands, including: GO2bank, a leading digital and mobile bank account offering simple, secure and useful banking for Americans living paycheck to paycheck; the Green Dot Network (“GDN”) of more than 95,000 retail distribution and cash access locations nationwide; Arc by Green Dot, the single-source embedded finance platform combining all of Green Dot’s secure banking and money processing capabilities to power businesses at all stages of growth; rapid! wage and disbursements solutions, providing pay card and earned wage access services to more than 6,000 businesses and their employees; and Santa Barbara TPG (“SBTPG”), the company’s tax division, which processes more than 14 million tax refunds annually.
Founded in 1999, Green Dot has managed more than 80 million accounts to date both directly and through its partners. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC1. For more information about Green Dot’s products and services, please visit www.greendot.com.
For further information, please contact:
Christy Kemp
Media contact for Clip Money
christykemp@angle42.co
Whit Chapman
Director, Communications, Green Dot
wchapman@greendotcorp.com
1 Green Dot Bank also operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. Green Dot Corporation NMLS #914924; Green Dot Bank NMLS #908739.
FAQ
How many new locations will CLPMF add through the Green Dot partnership?
What deposit options are available through CLPMF's expanded network?
Which major retailers are part of CLPMF's expanded deposit network?
What percentage of the U.S. population lives within three miles of a CLPMF deposit location?
How does the Green Dot partnership affect CLPMF's market position?
