Lids Adopts Clip Money for Cash Deposit Services
30 5월 2023 - 9:18PM
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 Lids, a
premier multinational sports retailer, as a cash deposit solution.
Lids, the leader of headwear, apparel, and accessories for
sports fans of all ages with over 1,100 locations throughout North
America, is a desired brand in the retail industry. To better
manage its cash flow and drive efficiencies in its cash management
operations, Lids has chosen Clip to provide a secure and efficient
cash deposit solution.
"We are thrilled to partner with a leading brand like Lids and
provide them with our innovative cash management solution," said
Joseph Arrage, CEO of Clip. "By automating cash management
processes, minimizing cash-handling errors, and ultimately
optimizing cash flow, I am confident our solution will support
Lids’ accounting, operations, and loss prevention objectives and
enable a great experience across all functions. We look forward to
servicing the over 300 Lids stores within our current network
footprint which will grow as our network grows."
Clip's solution enables businesses like Lids to streamline their
deposit process by digitizing and automating their cash handling
operations. Clip supports fast and convenient deposits for any
retailer into any bank account through Clip deposit locations which
are located at leading shopping malls, big box retailers and other
convenient locations. Store employees perform transactions through
an intuitive app while an enterprise dashboard creates transparency
and simplicity of cash deposits for retailers’ back-office
operations. Clip also provides retailers next business day credit
for deposits, which creates improved cash flow, always a welcomed
feature for today’s retailers.
Brogan Butz, Cash Management Manager at Lids, explains why they
like using Clip: "Clip enables our stores and head office team to
streamline cash operations with visibility and accountability
throughout the entire deposit process in real-time, while
significantly reducing direct and indirect costs. Now our store
managers and employees can focus more on our valued Lids
customers.”
To learn more, please visit www.clipmoney.com,
and for a full list of locations, visit
https://clipmoney.com/locations
About ClipClip 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, Brookfield Properties, BentallGreenOak
(BGO), Simon®, Invicta, Parkland, national fuel distributor, with
additional announcements pending.
Joseph ArrageChief Executive
OfficerIR@clipmoney.comtel: 844-593-2547
Clip Money (TSXV:CLIP)
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