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

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