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M&A / Property

Clip Money Inc. Announces Expanded Partnership with Centennial Delivering Cash Management Solutions to 1600+ Retailers

By The Northwire Desk — AI Analysis Dec 08, 2025 · 08:00 CLIP · 0.175 Clip Money Inc.
CLIP · Price

Executive Summary

  • Clip Money announced an expanded portfolio partnership with Centennial, adding more than a dozen Centennial locations to host ClipDrop cash‑deposit solutions.
  • The collaboration will serve over 1,600 retail and restaurant tenants, increasing Clip’s mall network to >500 shopping centers and its overall deposit ecosystem to >8,000 locations.
  • The rollout is timed for the holiday season, addressing heightened cash‑handling demands and bank‑branch closures affecting retailers.

Key Details

  • Partnership Scope: Centennial will host ClipDrop devices at >12 of its properties across the United States.
  • Tenant Reach: Over 1,600 retail and restaurant tenants will gain on‑site cash deposit capability.
  • Network Growth: Clip’s mall presence now exceeds 500 shopping centers; total deposit locations surpass 8,000 nationwide (Canada & U.S.).
  • Operational Benefits: Tenants can deposit cash indoors during extended retail hours, receive next‑business‑day credit to any bank account, and reduce manual cash‑handling time.
  • Strategic Timing: Deployment aligns with the holiday shopping period when cash volumes rise sharply.
  • Executive Comments:
  • Bil Ingraham, EVP of Business Development & Revenue at Centennial, highlighted the partnership’s role in reducing friction for retailers and saving time/money.
  • Joseph Arrage, CEO of Clip Money, emphasized that ClipDrop addresses retailer pain points caused by bank branch closures and supports better customer service.

Notable Quotes

  • “Retailers today are being asked to do more with fewer resources… Centennial is removing a major pain point for store teams and giving them a more accessible way to handle cash deposits right where they operate.” – Joseph Arrage, CEO, Clip Money
  • “At Centennial, we are always looking for ways to support our retailers… the relationship with Clip Money aims to reduce friction with retailer cash deposits, saving them time and money.” – Bil Ingraham, EVP, Business Development & Revenue, Centennial
Read the original news release →

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