NCR Corp. has invested in Clip Money Inc. to combine its cardless cash deposit API and cash-in network with Clip's cash deposit solution. Clip Money allows businesses to make cash deposits through its network without integrating at the bank itself, according to a press release.

"Access to NCR's ATM network and cardless cash management API will significantly expand merchants' access to Clip Money cash deposits endpoints," Stuart MacKinnon, EVP, ATM Group, NCR, said in the release. "These endpoints are located at some of the largest retailers in the country and demonstrate the power of NCR networks to bridge the digital and physical worlds."

NCR in particular will provide these deposit services at more than 2,500 locations across 30 states.

"This partnership with NCR seamlessly complements Clip's existing deposit network, which is primarily situated within shopping malls and prominent big box retailers," Joseph Arrage, CEO, Clip, said in the release. "NCR's global market presence will provide Clip with an immediate growth platform within North America, as well as the potential to explore international market opportunities that require business deposit transformation."

NCR also recently announced a stock distribution timeline as part of its planned separation into two companies: Atleos and Voyix.

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