Ingo Enterprise Check Cashing

Lots of people still get paid with checks. Over $25 Trillion in checks are issued in the U.S. each year. $5 Trillion to consumers. That’s huge.

Most companies—even your bank’s online bill payment system—still print checks, stuff them in envelopes and send them 1950’s style in the mail. You finally receive a check and deposit it only to have the funds held 2 - 3 days longer until it clears.

Most people need their money yesterday. We can’t do yesterday, but we can do right now.

Give your customers mobile banking services built for speed. Cash their checks in minutes and give them access to their money instantly right in their account.

Ingo Money Mobile Check Cashing

Ingo Money Mobile Check Cashing is an independent, bank-provided service designed specifically for mobile POS platforms, prepaid card programs and mid-size banks and credit unions.

Turnkey Service Delivery Model

We’ve got this. We’re underwriting experts and we take the risk so you and your customers don’t have to.

The service is provided to users by a national bank. We focus on delivering great technology and user experience.

Our own special use case for push payments, we funds accounts instantly through our gateway.

Features

For your customers:

• Cash most check types ranging in value from $5 up to $5,000
• Get money in minutes for a fee
• Get money in 10 days for free if the check isn't returned in 10 days
• Guaranteed funds are as good as cash and safe to spend

For your business:

• Configurable SDK plug-in for mobile POS and banking apps
• Co-branded stand-alone app platform
• Industry- leading approval rates
• Account funding via push payment means no back-end integration
• Bank-sponsored service requires no special licensing

Enterprise Mobile API Service

A white-label, cloud-based software and services platform is available for independently licensed and regulated clients. The API exposes Ingo Money risk decisioning and guarantee services to support mobile check cashing and instant deposit on your mobile platform, within your own user flow.

Let’s face it. The closest most of us get to the bank is the ATM. Add check cashing as a revenue-generating transaction to your image-enabled ATMs with our API and your customers can choose instant deposit when they use your ATMs to deposit checks.

We’ll underwrite and guarantee checks presented in branch for your consumer banking, small business banking and wealth management clients up to $500,000 in value. Integration options include fully-configurable API, Web POS and pre-existing middleware platform installations.

We’ve been underwriting checks for fifteen years, so we know what we’re doing. We blend advanced analytics with professional judgment to deliver the industry’s highest approval rates, and we’re really proud of that.

We systematically scrutinize key elements of every check transaction against thresholds that vary by servicing channel and check type.

Then, we apply complex analytical techniques in seconds.

• Proprietary Risk Algorithms: Sophisticated, purpose-built statistical and analytical models
• Multiple Predictive Data Sources: Leveraging proprietary, third-party and client-furnished data
• Computational Analytics: Deployed to reveal trends, patterns and associations
• Transaction Risk Scoring: Measured across hundreds of risk profiles and dozens of rules and nets

The majority of transactions are approved electronically in seconds. Transactions that fall within marginal decline ranges are queued to underwriting specialists who validate transaction characteristics that can influence a final underwriting decision. Manual underwriting, when conducted, typically is completed in under 3 minutes.

We remove the delay and risk from checks so you can give your customers instant access to their money.

Convert checks into guaranteed cash in minutes with the highest approval rates in the industry.

We’ve solved this challenging channel uniquely, and help you build it in easily to your own.

Give your customers instant access to their money for a fee and drive transactions on your platform.