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Clip Money Expands Over-The-Counter Deposit Services Nationwide Through Partnership With Green Dot Using Embedded Finance Platform

Benzinga Newsdesk 1 year ago

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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

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.

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