Send me the money! could be the rally cry of consumers who, not surprisingly, would like to be paid sooner rather than later when companies owe them money. What maybe surprising is that in the case of small businesses, they are even willing to pay for faster disbursement.

Ingo Money and the Aité Group have released a study of business to consumer disbursements, which make up more than 3.5 billion payments with a dollar value of $10.7 trillion across 29 disbursement types.

Read the complete article at forbes.com

 

 

 

 

The gig economy has been getting no shortage of attention. In the last few years, a nearly uncountable number of articles and editorials have been written, exploring the concept of whether gig work is the future of labor.

The attention is not unwarranted — a fact confirmed by the PYMNTS Gig Economy Index. In Q2 2018, PYMNTS found 47 percent of gig workers had a regular nine-to-five job, a drop from 55 percent in Q1 2018. The same survey found that 33.8 percent of the U.S. workforce had participated in the gig economy, and a growing majority of these workers (75.7 percent) said they would not leave freelance work behind for a full-time job.

Read the complete article at pymnts.com

 

 

 

 

It’s easy to see the shortfalls and pain points of checks and ACH for consumers as first-generation payment instruments in today’s technology-driven ecosystem. These are slow and inefficient methods that ignore the customer experience. Even next day ACH requires a painful customer setup process and the sharing of sensitive data that is out of step with the ease of more modern apps. Plus, it is still limited to a batch production process that occurs only on business days.

As the Fed reimagines its settlement system, it can look to next generation technologies like push payments for the critical features beyond speed that are required by today’s consumers. This real time disbursement technology for businesses shows the premium placed on convenience, choice and confidence when issuing instant payments to consumers.

Read the complete article at moneyinc.com

 

 

 

 

Inc. magazine revealed that Ingo Money is on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent private businesses.

“Through our original mission to digitize the paper check, Ingo Money has grown to offer the industry’s most robust and farthest-reaching Instant Money as a Service platform,” said Ingo Money CEO Drew Edwards. “This honor is a tremendous validation of the hard work put in by our team to meet the fast-rising demand by consumers and business alike for a solution that allows them to quickly and easily join the instant money economy.”

Ingo Money is remaking company-originated payments to be fast, cost-effective and customer-centric. Its Instant Money as a Service platform allows businesses of all types to pay anyone, anywhere for anything in an instant with real-time, secure funding to more than 4.5 billion consumer accounts, including cash out distribution points. From technology and support to user experience and administrative interfaces, Ingo Money delivers everything a company needs to realize savings and deliver payments with complete confidence.

Ingo Money currently works with a wide range of businesses across multiple industries, including insurance, lending, Treasury Banks, and employee payments. To date, the company has disbursed more than $16 billion in real time funds.

The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”

About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.

About Ingo Money
Ingo Money is the instant money company. Founded in 2001 with a mission to digitize the paper check, our push payments technology enables businesses and banks to disburse instant, safe-to-spend funds to more than four billion consumer debit, prepaid, credit, private label credit and mobile wallet accounts. This transformation of traditional payments helps businesses reduce cost and delays while dramatically improving the consumer experience. Headquartered in Atlanta, you can learn more at ingomoney.com/enterprise, or follow us on LinkedIn, Google+ and Twitter.

PRESS CONTACT:
Michael Azzano
Cosmo PR for Ingo Money
415.596.1978
michael@cosmo-pr.com

The mass distribution of insurance payments makes it a natural fit for Ingo Money’s strategy to move consumers to digital transactions.

Insurance enables a “one to many” approach of using a single company to enable digital distribution of funds, said Drew Edwards, CEO of Ingo Money, which has partnered with Safelite Solutions, the insurance claims management unit of Safelite Group. “Enabling as many of the players in the insurance industry is critical and with consumers having choice, payments will migrate to digital,” Edwards said.

Read the complete article at paymentssource.com

 

 

 

 

The first thing that probably pops into one’s head at the mention of Safelite, the auto glass and claims management company, is its familiar jingle: “Safelite repair, Safelite replace.”

One probably even hums it while reading those words.

The Ohio-based company, founded in 1947, built its reputation as the company that dispatches a truck and a friendly face to wherever there’s a car with a broken windshield so that it can be fixed on the spot. In most cases, that happens without the consumer having to pay a dime, since windshield repair and replacement is covered fully by most insurance policies. Safelite processes those glass-related claims for eight of the top 10 insurers nationwide, and is paid by those insurers once a repair has been made.

Read the complete article at pymnts.com

 

 

 

 

KeyBank has launched a new instant payments service with Ingo Money through Ingo Push.

The “turn-key” push payment platform — as Key describes it — lets business customers disburse funds in real-time.

“Through Ingo Money’s platform, KeyBank commercial clients will be able to quickly and easily turn slow, expensive paper checks and ACH deposits into instant, fully guaranteed funds that are immediately available in their customers’ accounts,” according to news release from Key. “Ingo Money’s network reach and intelligent routing system ensure industry leading delivery rates for these commercial clients.”

Read the complete article at crainscleveland.com

 

 

 

 

KeyBank announced a partnership with Ingo Money launching a platform that offers payment options to businesses to disburse funds to consumers through a variety of channels, including some which deliver funds in real time. From their press release:

“Through Ingo Push, Ingo Money’s turn-key push payment platform, KeyBank business clients can disburse guaranteed funds in real-time.”

Read the complete article at paymentsjournal.com

 

 

 

 

A surefire way of annoying people is making them wait for money. That can lead to ruined friendships, strained family relations and countless arguments and frustrations. Financial institutions (FIs) and the corporate clients they serve are figuring out ways to avoid those dangers when it comes to business, and working with payment service providers to speed up disbursements to consumers.

Ingo Money and KeyBank just announced such a partnership, one designed to provide KeyBank business clients with real-time disbursements and the ability to give end customers choice in how they receive payments. Ingo Money can deliver funds to more than 4.5 billion debit, credit, prepaid and online wallet accounts, along with cash-out locations.

Read the complete article at pymnts.com

 

 

 

 

Consumers can be an impatient bunch, and that becomes pretty clear when the conversation turns to insurance checks and other corporate disbursements. But what would happen if faster disbursements were combined with a (peer-to-peer) P2P service that is striving for more bank partners and customers?

That was the subject of a recent PYMNTS interview with Drew Edwards, CEO of instant money network Ingo Money, and Lou Anne Alexander, group payments president of the bank-owned Early Warning, which itself owns the digital P2P payments network Zelle.

Read the complete article at pymnts.com