From Clip to the Cloud: Why Businesses Are Joining Clip Money’s End-to-End Cash Management Network
Andrew Tussing
Chief Financial Officer
As digital banking and payments continue to accelerate, it’s easy to assume that physical cash is becoming a thing of the past. But for countless businesses across the country, particularly in retail, hospitality, food service, and independent operations, cash is still very much a daily reality. And managing it is harder than it should be.
Clip Money is rethinking business cash deposits from the ground up. By building a scalable, shared, end-to-end deposit network, we're helping businesses gain more flexibility, more control, and fewer operational bottlenecks when it comes to handling physical money.
The Cash Management Problem Most Businesses Still Face
Even in a digital-first economy, businesses of all sizes still accept cash. However, the tools and processes to handle that cash haven’t evolved fast enough. For a typical small business or franchise, depositing money usually involves regular bank trips, limited branch hours, cumbersome reconciliation, or expensive armored couriers, which often includes intrusive in-store smart safes.
Worse yet, traditional solutions often lack visibility of cash positions and liquidity at a given time, due to the manual and paper based nature of cash processes today. It’s hard to track who made a deposit, when it happened, and whether it cleared, especially when that process happens outside of digital banking tools. As physical bank branches continue to shut down or transform into sales-first branches across North America, the gap between business needs and available solutions continues to widen.
A Smarter, More Flexible Cash Deposit Network
Clip Money bridges that gap with a modern, shared deposit infrastructure built exclusively for commercial use. Think of it as the business version of the consumer ATM network; except instead of just withdrawing cash, businesses can now securely deposit it wherever is most convenient for them.
Through our growing network, companies can access a wide range of deposit locations including:
ClipDrop secure drop boxes located at more than 500 major shopping malls
ClipATM locations in over 3,000 convenience stores and gas stations
ClipCenter over-the-counter retail partner locations launching July 2025, expanding coverage through 4,000+ locations across North America
This means businesses no longer need to rely on one bank or one provider. Clip Money is fully bank-agnostic, giving users complete flexibility to deposit cash regardless of their banking relationship, and without requiring a 1:1 pickup contract.
With everything managed in one centralized technology platform and dashboard, users can log deposits, generate reports, assign roles and permissions, and gain real-time insight into every transaction across locations and teams.
Built for Scale, Designed for Everyone
Clip Money’s model draws inspiration from how ATM and credit union networks evolved. In the early days, individual financial institutions operated in silos. Eventually, shared infrastructure, like CO-OP networks, emerged, allowing multiple entities to leverage each other’s networks, thereby lowering costs and offering better services through collaboration.
We’re bringing that same concept to business deposits.
Instead of locking every user into an expensive, branch-dependent, or siloed cash-handling process, we’ve built a shared utility network. That means businesses can reduce costs, access more deposit points, and eliminate friction without sacrificing control or transparency.
Whether you operate a multi-location franchise or a single shop, Clip gives you the autonomy to work on your terms with a scalable solution that grows with your needs.
Why Banks and Retailers Are Joining the Network
Clip Money delivers strategic value for both financial institutions and retail hosts, on top of transforming cash deposits for businesses.
For banks and credit unions, Clip offers a way to serve business customers, including growing with commercial clients outside of the financial institutions traditional footprint, without expanding branch infrastructure. Financial institutions can offer flexible deposit options while reducing or transforming physical footprint and operational costs, keeping them competitive as branch closures continue.
For retail partners, hosting a Clip location means increased foot traffic, new revenue streams, and a new way to support local business communities, all without adding complexity to their operations.
This shared, flexible model creates a win-win ecosystem where everyone benefits: businesses, banks, and retail partners.
The Future of Cash Deposits Is Shared
Cash isn’t disappearing, but the old ways of handling it should be. Clip Money offers a more modern, more accessible cash deposit network that reflects how business actually works in 2025.
By moving cash management from siloed systems to a shared, scalable platform, we’re giving businesses and the partners that support them a smarter way to move money.