Ingo Money, Inc.

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Ingo Money, Inc.
Private
ISIN🆔
IndustryFintech
Founded 📆2001
Founder 👔
Headquarters 🏙️Roswell, Georgia, United States
Area served 🗺️
Members
Number of employees
🌐 Websitewww.ingomoney.com
📇 Address
📞 telephone

Ingo Money is an American instant money company based in Roswell, Georgia and founded in 2001. It offers push payments technology and risk-management services that enable businesses and banks to disburse instant, secure funds to over four billion consumers using debit, prepaid, credit, private label credit and mobile wallet accounts. It also works to digitize the paper check, allowing users to cash checks instantly and receive secure funds, immediately available in their account.[1][2][3]

History[edit]

Drew W. Edwards is the founder and CEO of Ingo Money. While Ingo Money provides instant money services, check clearing and funds transfer is handled by a sponsor bank that is partnered with Ingo Money.[4][5]

The Ingo Money application is available on iOS and Android devices. Ingo Money allows users to cash checks in minutes for a fee or in 10 days for free.[6][7][8]

In October 2016, Ingo Money announced a partnership with Visa to make B2P payments instant and making it easier for banks, lenders, corporates and governments to push payments to any consumer debit card. The company also announced a turn-key instant payment platform enabling companies to instantly pay any consumer through a Visa debit card via Visa Direct.[9][10]

References[edit]

  1. "Ingo Money, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 15 October 2017.
  2. "Ingo Money CEO On Push Payments For Banking | PYMNTS.com". www.pymnts.com. Retrieved 15 October 2017.
  3. "Ingo Money and MoneyGram Launch New Credit Card Payment Service". Retrieved 2017-10-30.
  4. "Stripe's Atlas Global Internet Program Strategy | PYMNTS.com". www.pymnts.com. Retrieved 16 October 2017.
  5. "Ingo Money to Acquire Fuze Network, Inc". www.businesswire.com. Retrieved 16 October 2017.
  6. "Mobile Check Deposit - Cashing – Prepaid Debit Cards | AccountNow". www.accountnow.com. Retrieved 16 October 2017.
  7. "Hate paper checks? You are not alone". trucker.com. Retrieved 16 October 2017.
  8. "Daily API RoundUp: Tookan, Ingo Money, Musement, Dizzyjam, ETwater". ProgrammableWeb. Retrieved 2017-10-30.
  9. "Ingo And Visa Pair For Ubiquitous Push Payments | PYMNTS.com". www.pymnts.com. Retrieved 9 November 2017.
  10. Inc., On Deck Capital,. "OnDeck Collaborates with Ingo Money and Visa to enable real-time Loan Funding to Small Businesses". www.prnewswire.com. Retrieved 2017-11-15.

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