Author: Ingo Payments

Ingo Payments, a leading provider of embedded banking and money mobility solutions, announced today a new partnership with Elektra USA, the financial technology company behind the Elektra Go app. By leveraging Ingo’s instant account funding solution, Elektra USA will enable its U.S.-based customers to fund their Elektra Go accounts in real time. Elektra USA, committed to delivering secure, convenient, and cost-effective financial services to the Hispanic community across the U.S., Mexico, and Latin America, recognized Ingo’s instant funding solution as an opportunity to enhance the Elektra Go user experience. By leveraging this solution, Elektra Go users can instantly fund their accounts, allowing them to send remittances abroad faster and more efficiently. Traditional account funding methods are often slow and inefficient, creating friction in the user experience and leaving many accounts unfunded, limiting their usability from the start. In contrast, with Ingo’s instant account funding solution, Elektra Go users can pull funds directly from their debit cards and transact immediately, enhancing their overall experience for faster and simpler remittances. “With Ingo’s instant account funding solution, we provide users with an instant and frictionless remittance payment experience” says Maribel Soto, Head of Product of Elektra USA. “This partnership strengthens our commitment to delivering accessible, fast, and secure financial services to Elektra Go users and the Hispanic community, empowering them to live their dreams.” Drew Edwards, Ingo Payments CEO, added, “Our collaboration with Elektra USA ensures accounts are instantly funded and fully functional right away, providing customers with real-time money mobility when it matters most.” This partnership highlights the growing demand for real-time financial solutions, allowing Elektra USA to meet modern consumer expectations while reinforcing the importance of secure, efficient money movement across diverse communities around the globe. About Ingo: Ingo Payments empowers banks, fintechs, and enterprises to deliver modern financial experiences through its full-service embedded banking platform. Ingo’s bank-grade modern money stack, built with embedded compliance and risk management, enables seamless account funding, transfers, mobile deposits, payouts, digital wallets, account and card issuing, PFM, and rewards solutions across a wide range of industries and use cases. With a vertically integrated platform, Ingo helps clients minimize third-party risk, reduce operational complexity, and lower costs—all while accelerating go-to-market timelines. Learn more at ingopayments.com. About Elektra USA: Fraternitas LLC d/b/a Elektra USA a Dallas, Texas headquartered financial technology company is dedicated to empowering the Hispanic community in the United States to live their dreams by connecting them with loved ones back home through innovative cross-border and US financial solutions. Learn more at elektrago.app.

Self’s new earned wage access offering enables fast access to cash advances, bridging cash flow gaps with real-time disbursements powered by Ingo Payments Ingo Payments, a leading provider of embedded banking and money mobility solutions, today announced a partnership with Self Financial, a company helping consumers build credit and financial foundations. Ingo is providing its embedded banking services to support the operations of Self’s recently launched earned wage access (EWA) product, Self Cash. Now available in 26 states through the Self app, Self Cash enables eligible users to get short-term cash advances with no interest, no credit check, and no late fees. For many Self users, fast access to cash can help avoid overdraft fees, cover emergency expenses, or simply ease financial stress. By integrating Ingo’s instant disbursement capabilities, Self can deliver cash advances in real time via push-to-debit, providing an option to bypass the delays often associated with traditional automated clearing house (ACH) or paper check payouts. What can take several days can now happen in minutes, offering speed and flexibility when it matters most. This kind of access isn’t just convenient—it’s critical. According to PYMNTS Intelligence, 67% of consumers live paycheck-to-paycheck, the highest rate since 2020. “Self Cash expands access to short-term cash in moments when people need it most. With Ingo, Self is able to deliver that access in real time, while also connecting users with tools that support credit building and financial foundations,” said Chris LaConte, Chief Strategy Officer at Self Financial. “Ingo helps clients deliver modern financial solutions that move money in ways that are fast, secure, and compliant,” said Drew Edwards, CEO of Ingo Payments. “Our partnership with Self Financial brings that commitment to life, eliminating delays and making funds available exactly when they’re needed.” About Ingo PaymentsIngo Payments empowers banks, fintechs, and enterprises to deliver modern financial experiences through its full-service embedded banking platform. Ingo’s bank-grade modern money stack, built with embedded compliance and risk management, enables seamless account funding, transfers, mobile deposits, payouts, digital wallets, account and card issuing, PFM, and rewards solutions across a wide range of industries and use cases. With a vertically integrated platform, Ingo helps clients minimize third-party risk, reduce operational complexity, and lower costs—all while accelerating go-to-market timelines. Learn more at ingopayments.com. About Self Financial Self Financial is a pioneering credit building company dedicated to helping people establish credit and a financial foundation. For over a decade, Self has empowered more than 4 million individuals with limited or no credit history with accessible tools to support their finances. Self is the Official Credit Building App of the San Antonio Spurs. Find it at Self.inc, on the Apple App Store (280,000+ reviews and an average 4.9 rating) and on Google Play. Learn more at www.self.inc.

Alpharetta, GA – March, 31, 2025 – Ingo Payments, a proven leader in account funding, transfer, and payout solutions—known as “money mobility”—is proud to announce the selection of Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, as its issuer processing partner. This partnership marks a significant step forward in Ingo’s mission to deliver innovative instant account issuing and ecosystem-driven financial services for its clients. Over the past several months, following its acquisition of Deposits Inc.’s banking technology, Ingo has been enhancing its money movement platform to support embedded banking capabilities for both existing and new clients. This development reflects Ingo’s commitment to redefining the financial experience for banks, fintechs, and businesses by creating feature-rich account relationships that support long-term client value. Selecting an issuer processor was a critical step in achieving this vision, and Marqeta emerged as the ideal partner to help bring these innovations to life. Why Marqeta? Ingo Payments’ approach to account issuing redefines traditional solutions by enabling the creation of ecosystems that incentivize users to store, move and spend money, unlocking opportunities to monetize accounts in impactful ways. This approach applies broadly to enterprises seeking to retain funds for payouts or rewards, banks looking to modernize beyond legacy systems with digital-first account solutions, and fintechs aiming to scale innovative financial products quickly and effectively. Achieving this required a partner with the technology and vision to support these goals. Ingo selected Marqeta for its flexible, scalable technology stack that helps its customers develop innovative financial products and bring them to market quickly. By partnering with Marqeta, Ingo is equipped to drive the next generation of issuing solutions, offering value to senders, receivers, and businesses alike. Driving Innovation Together “We are thrilled to partner with Marqeta as our issuer processor as we launch our enhanced embedded banking platform,” said Drew Edwards, CEO of Ingo Payments. “Marqeta’s modern capabilities and commitment to ongoing innovation make them an ideal partner as we create new opportunities to monetize accounts and deliver ecosystem-driven financial experiences. Together, we’re set to shape the future of account issuing and embedded finance.” “We’re proud to support Ingo’s expansion into the issuing space, showcasing their commitment to payments innovation,” said Todd Pollak, Chief Revenue Officer, Marqeta. “Beyond serving as their issuer processor, we’re also partnering with Ingo to bring remote check cashing and deposit capabilities to our customers to make banking services more convenient. With Marqeta’s all-in-one platform, we’re enabling Ingo to drive the next generation of issuing solutions, creating meaningful value for consumers and businesses alike.” About Ingo Payments Ingo Payments empowers banks, fintechs, and enterprises to deliver modern financial experiences through its full-service embedded banking platform. Ingo’s bank-grade modern money stack, built with embedded compliance and risk management, enables seamless account funding, transfers, mobile deposits, payouts, digital wallets, account and card issuing, PFM, and rewards solutions across a wide range of industries and use cases. With a vertically integrated platform, Ingo helps clients minimize third-party risk, reduce operational complexity, and lower costs—all while accelerating go-to-market timelines. Learn more at ingopayments.com.

We’re beyond excited to announce our new partnership with ACI Worldwide to power ACI Speedpay Digital Disbursements—a flexible, ultra-fast way for businesses to send money to their customers, minus the old-school paper checks. This solution packs in plenty of payout options—from real-time payments to PayPal/Venmo, debit cards, and ACH—so folks can get their funds however (and whenever) they prefer. “We’re proud to collaborate with ACI to provide businesses with seamless, scalable disbursement solutions that meet the evolving needs of today’s digital economy,” says Drew Edwards, our CEO. At the end of the day, we’re all about making life simpler, faster, and better for anyone who needs quick access to their funds. So stay tuned—our work with ACI Worldwide is just getting started, and we can’t wait for you to see how much easier digital disbursements can be in the future of fintech we’re building.

ALPHARETTA, Ga.–(BUSINESS WIRE)–Ingo Payments, a proven leader in account funding, transfer, and payout solutions—known as “money mobility”—is proud to announce its partnership with Securely, a cloud-based payment platform. This collaboration marks a significant milestone for both companies as Securely™ partners to bring Ingo’s full-service embedded banking platform to the market, combining proven payment infrastructure with an innovative approach to real-time merchant settlement through advanced ledgering and diverse payment options. Securely’s merchants include some of the largest players in e-commerce and transportation, including leading brands in retail, distribution, manufacturing, and rideshare nationwide. Through this partnership, Securely offers a patent-pending Digital Cash™ solution that is a low-cost, bank-to-bank card payment alternative with real-time settlement options, powered by Ingo. These capabilities enhance speed and transparency, supporting Securely’s ability to meet the evolving needs of its customers. Within months of acquiring Deposit Inc.’s banking software platform, Ingo successfully initiated the migration of Securely’s merchants from their previous sponsor bank and embedded banking provider. The migration, completed in just 60 days, highlights Ingo’s expertise and commitment as a dedicated and collaborative partner, minimizing operational disruptions while maximizing the platform’s benefits for Securely’s merchants. “We are excited to partner with Securely on our embedded banking platform,” said Drew Edwards, CEO of Ingo Payments. “This milestone demonstrates the power and versatility of our platform leveraging our bank-grade cloud ledger and payments capabilities. By enabling real-time settlements and supporting diverse payment options, we are empowering Securely to deliver unmatched value and efficiency to their merchants.” “We are committed to innovation and are excited to partner with Ingo Payments to enhance our offering. Ingo’s infrastructure will help us expand upon our Muli-Tag ™ pricing technology, further enabling cost control, infrastructure consolidation, and on-demand finance. We are well positioned to disrupt legacy payments by equipping our customers with a vertically integrated and highly differentiated payer experience,” Alan Ward, CEO of Securely. About Ingo Payments Ingo Payments empowers banks, fintechs, and enterprises to deliver modern financial experiences through its full-service embedded banking platform. Ingo’s bank-grade modern money stack, built with embedded compliance and risk management, enables seamless account funding, transfers, mobile deposits, payouts, digital wallets, account and card issuing, PFM, and rewards solutions across a wide range of industries and use cases. With a vertically integrated platform, Ingo helps clients minimize third-party risk, reduce operational complexity, and lower costs—all while accelerating go-to-market timelines. Learn more at ingopayments.com. About Securely Securely’s embedded finance platform helps middle market and large enterprises control costs, simplify operations, and stay compliant. Our patent-pending Multi-Tag™ pricing provides unparalleled cost control by leveraging unlimited smart pricing structures. The Securely platform simplifies compliance and reduces fraud risks while enabling zero-cost processing, finance on-demand, rapid account funding, and infrastructure consolidation all through a single point integration. Securely’s mobile interface works without a password, and there is no need to download another app. This drives revenue and retention for merchants, delivers best-in-class payer experience to their customers, and ultimately increases margins. Explore Securely’s offering at www.securely.io.

In today’s highly competitive financial landscape, acquiring new customers is no longer the only hurdle for account issuers. The real challenge lies in making newly opened accounts useful and accessible from the moment of acquisition.   While customer onboarding is often instantaneous, funding remains a bottleneck, with slow and risky methods like checks and ACH causing days-long delays in funds availability. As a result, a large percentage of accounts are opened but never funded, significantly driving up acquisition costs without delivering value. This disconnect between account creation and funding leaves issuers struggling to activate and engage new customers, ultimately missing opportunities to maximize the potential of newly acquired accounts.  However, a broader transformation of account funding is underway. Innovations like digital transfers from bank accounts, debit card transactions, and check deposits are shifting the process from slow and risky to instant and risk-managed, making account funding faster, safer, and more reliable for both issuers and their customers.  Instant Access: Innovations in Digital Account Funding  The modern fintech era has introduced instant account funding, enabling customers to move money into their accounts in real time, using digital payment rails to provide immediate access to deposited funds. Customers can now instantly fund their accounts via digital transfers from bank accounts, cards, or check transactions, making account creation not only fast but immediately useful.   Among the newer innovations is instant card funding using Account Funding Transactions (AFT). These transactions, initiated by the cardholder’s bank via Visa Direct or Mastercard Send, allow customers to pull funds directly from a debit or credit card into a new or existing account. Although AFT is still relatively new, its growing adoption is transforming how funds move between accounts, offering faster, more efficient transfers for both issuers and customers.  The Challenges: Fraud Risks in Digital Account Funding  While digital account funding brings significant benefits, it also comes with risks—most notably fraud. Instant transactions provide less time for issuers to review and mitigate risks, while ACH transfers impose risks due to lengthy return cycles. Types of fraud associated with digital account funding include:  Friendly Fraud: This occurs when a consumer initiates a legitimate transaction to fund their account—such as using a debit or credit card to transfer money into their fintech or bank account—but later disputes the transaction with their card issuer, claiming it was unauthorized or a mistake.  Account Takeover Fraud: Hackers gain access to a consumer’s account and initiate unauthorized transactions.  Card-not-present (CNP) Fraud: In digital card transactions where the physical card isn’t presented, fraudsters use stolen card details to fund accounts instantly.  In the U.S., consumers may have up to 90 days to dispute an unauthorized electronic funds transfer. This consumer protection, while crucial, adds significant risk for issuers. Even after funds have been made available instantly, consumers can file a dispute, forcing issuers to investigate the claim and potentially refund the money. This can lead to losses for account issuers, especially in cases of friendly fraud where the transaction was initially authorized by the consumer.  The Impact of Fraud on Account Issuers  Due to the heightened risk of fraud, many issuers have scaled back or discontinued their offerings of instant funding. The potential for significant losses, coupled with regulatory obligations to address disputes, has made it a risky endeavor. As a result, despite strong consumer demand for fast and accessible funds, some issuers have been cautious in adopting or expanding their instant funding solutions.  Ingo & Sardine’s Risk-Managed Solutions for Instant Card & ACH Funding  To address the challenges posed by account funding fraud, Ingo has partnered with Sardine to offer instant account funding via card and ACH, jointly providing the technology, processing, and protection necessary to drive account usage. This unique offering leverages our collective expertise and databases to manage risk across our network of clients and customers.  Our solution combines the power of Ingo’s and Sardine’s extensive network-wide fraud data and AI-driven analysis to generate real-time risk scores. These scores empower issuers to make fast, informed decisions on funding eligibility, while minimizing exposure to fraudulent transactions. Together, our advanced risk models continuously evaluate transactions for fraud indicators, providing issuers with immediate insights into the risk profile of each transaction.  Additionally, Ingo’s dedicated support team monitors all transactions in real time, adding another layer of protection against instant fraud. This live risk management allows us to catch fraudulent activities as they happen, further safeguarding businesses from potential threats.  By identifying fraud risks, protecting against them, and locking out bad actors, Ingo and Sardine ensure a safer, more efficient account funding process that benefits both issuers and customers.  Zero-Liability Fraud Guarantee  Beyond fraud detection and risk scoring, our offering includes an optional zero-liability fraud guarantee. Account issuers who choose this guarantee option are fully protected from any financial losses caused by fraudulent chargebacks or disputes. This means that if a fraudulent transaction bypasses our detection systems, we take full responsibility for the chargeback, relieving issuers of any liability. This level of protection is rare in the market and offers peace of mind for issuers looking to offer account funding without the risk.  With Ingo Payments and Sardine, account issuers can offer faster, safer, and more secure account funding options. For Fintechs, our solutions mitigate risk while enabling exceptional customer experiences. For traditional banks, they provide seamless onboarding and instant funding, keeping them relevant in the digital landscape. These innovations enhance services and protect issuers’ bottom line in a competitive market. Learn More   Looking for account funding solutions with comprehensive risk management and guaranteed fraud protection across all funding sources—card transfers, bank transfers, and checks? Ingo Payments can help.