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April 19, 2015 12:45 AM ET

Software

Company Overview of Ingo Money, Inc.

Company Overview

Ingo Money, Inc. provides a mobile check load application. Its mobile application enables users to load checks directly onto their participating Visa prepaid cards. The company also provides Dupex, a risk mitigation tool that enables small businesses or large enterprises to protect their business from duplicate check frauds; and Ingo Enterprise that enables banks and AFS companies to offer good funds across on channels, including branches, ATMs, and smartphones. It serves banks, non-bank financial services companies, AFS providers, consumers, and payment networks worldwide. The company enables users to download the Ingo Money application from the App store for iOS devices and Google Play sto...

623 Holcomb Bridge Road

Roswell, GA 30076

United States

Founded in 2001

94 Employees

Phone:

770-640-0695

Fax:

678-352-1514

Key Executives for Ingo Money, Inc.

Founder, Chief Executive Officer and Director
Age: 49
President and Chief Operating Officer
Age: 48
Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Age: 56
Chief Information Officer and Senior Vice President
Age: 54
Chief Marketing Officer and Executive Vice President of Product Strategy
Compensation as of Fiscal Year 2014.

Ingo Money, Inc. Key Developments

Cachet Financial Solutions Integrates Ingo Money Check Guarantee Services in Turnkey Mobile Platform for Banks and Credit Unions

Cachet Financial Solutions, Inc. announced that it has expanded its partnership with Ingo Money, Inc. to deliver instant, non-provisional consumer mobile deposit and account funding services on its Select Mobile(TM) and Select Mobile(TM) Prepaid mobile banking platforms. Cachet's Select Mobile platforms provide financial institutions of all sizes with a wide array of customizable, consumer-facing mobile banking and transaction services for their debit and prepaid customers, including mobile remote deposit capture capabilities. Using a smartphone or tablet, customers can submit check images for authentication, clearing, settlement and deposit into financial accounts according to the deposit terms established by the financial institution client. Under its expanded partnership agreement with Ingo Money, Cachet will now offer Select Mobile clients a guaranteed, instant mobile deposit and account funding capability supported by Ingo Money's proven mobile risk decisioning and validation services. Cachet's integration with Ingo Money enables Select Mobile clients to offer bank customers and credit union members the option to pay a fee on approved checks for 'Good Funds', immediate and irreversible access to funds--without risk of future reversal--even in the event that a check returns unpaid. Available for PC/Mac, Smartphones and Tablets, Cachet's Select Mobile solutions are designed to simplify the installation, deployment, maintenance and marketing of the remote deposit capture process. These innovative remote deposit capture solutions can improve customer loyalty, strengthen existing relationships, attract new customers and expand market share all while reducing operational costs and increasing profitability.

Ingo Money Announces Executive Changes; Announces New Ingo Money Office Opening in the San Francisco Bay Area

Ingo Money announced the addition of Dickson Chu as executive vice president, Corporate Development and chief product officer. In this role, he will lead the company's strategic corporate development efforts and oversee the evolution and development of Ingo Money's product roadmap and user experience. The company is a provider of recurring, instantaneous, guaranteed funds technologies for financial institutions, prepaid card providers and digital wallet platforms. Chu brings over 25 years of leadership experience in financial services technology, digital payments and marketplace innovation. An accomplished general manager and innovator, Chu most recently served as investor and active advisor to a number of emerging companies. Previously, Chu served as senior vice president, Merchant Solutions at LivingSocial, evolving the company's strategy to create a new merchant-focused business line. He also spent nearly two years at Citi as managing director, Digital Networks in the Global Enterprise Payments business unit, where he was responsible for the development of global e-commerce and m-commerce capabilities, as well as the development and launch of Citi's Google Wallet platform. Before joining Citi, Chu spent six years at PayPal, most recently serving as vice president and head of Global Products and Experience. In this role he led product strategy, development and user experience design for millions of consumers and merchant customers, having previously served as global general manager for PayPal's Global Merchant Services business, which he helped grow from $60 million to more than $1 billion. Prior to PayPal, Chu served as general manager for Yahoo! PayDirect where he transformed the domestic P2P business into an Internet-based international money transfer service in partnership with MoneyGram. Chu also held various senior management roles at I-Impact, an Internet-based predictive analytics start-up founded in Tel Aviv; Wells Fargo, leading a team to create new retail banking products; and CSC Index, the inventors of Business Reengineering. Chu will work from a new Ingo Money office opening in the San Francisco Bay Area later in summer 2014, which will serve as the company's hub for corporate development, product development, customer experience and marketing functions. Lisa McFarland, executive vice president, Product Strategy and chief marketing officer, will relocate to the West Coast and join Chu in staffing and leading these functions for Ingo Money. Ingo Money also announced the promotion of Matthew Frye to executive vice president, Business Development. In this role he will be responsible for management and oversight of all of the company's sales efforts for both its Network Solutions and Enterprise Solutions business lines. Frye joined Ingo Money six months ago as senior vice president of Sales, Ingo Network Solutions. The opening of the Bay Area office will provide the company with access to unparalleled talent and a culture conducive to delivering world-class client servicing platforms and customer experience.

Ingo Money, Inc. Announces the Availability of Software Development Kit. the Ingo Money SDK

Ingo Money, Inc. announced the availability of its Software Development Kit. The Ingo Money SDK allows financial institutions and prepaid card issuers to integrate Ingo Money's mobile account funding services into their native mobile apps, enabling consumers and small businesses to receive immediate and non-provisional access to funds from approved checks via iOS and Android devices. The Ingo Money SDK may be implemented in one of three ways, with varying degrees of server-side integration, co-branding and design customization. Like the Ingo Money app, First Century Bank, N.A., provides all check funding services offered via the Ingo Money SDK. The standard Ingo Money SDK implementation is available for free to integrate Ingo Money's immediate and non-provisional mobile check funding services into any mobile banking or financial servicing app. The integrated Ingo Money SDK implementation includes light issuer branding and features single sign-on integration to help automate the customer enrollment process. The co-branded Ingo Money SDK implementation supports deeper server side integration to enhance decisioning speed and supports differentiated consumer services. It also provides for a higher level of consistency with native UI design. Ingo Money said its SDK enables consumers to access Ingo Money services within their card provider's mobile app to capture an image of almost any check type up to $2,500 in value and to load funds from approved checks, irreversibly, to a prepaid card, debit card or mobile wallet. For a percentage of the total deposit, customers are provided with immediate access to funds from approved checks. Alternatively, customers can choose to have funds loaded to their account in ten days for no fee if the check is not returned. In either case, funds from approved transactions are immediately available to spend and Ingo Money assumes the risk if a check is returned.

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