If last year was witness to a Crypto Winter, then it certainly seems as if the leaves are beginning to turn on the tech industry more broadly. Fast falling levels of funding and layoffs have become routine, with the fintech sector taking it on the chin. In the long view, this will likely be seen as a necessary winnowing that removed much of the froth and instability from the market with the stronger companies and…
In a recent media interview, an executive at Caesar’s Sportsbook said they selected Ingo Money because they needed an expert provider who would partner with them and get into the trenches. Here at Ingo, we take being called a trusted partner willing to do the hard work of payments the highest of compliments. It started me thinking about Ingo Money’s place in the growing payments ecosystem and where we’re headed this year. With payments –…
We are incredibly excited to share the news of this milestone. Reaching one billion dollars in monthly corporate disbursements volume on the Ingo Money platform is a tremendous validation of our team’s hard work and expertise as well as the technology underpinning our solution. A sincere thank you to everyone who has been a part of this journey. Hitting this incredible milestone also led me to reflect on how much we’ve evolved as a company…
Ever the payments geek, after watching the Georgia Bulldogs capture the national title (Go Dawgs!), what came to mind was a hypothetical “day in the life of a dollar” for someone who bet and won on that college game. I imagined that winner waking up and transferring their Fan Duel payout to a digital neobank, where it was promptly used to pay for an Uber Eats delivery. That driver took her earnings as an immediate…
With 20-years of industry experience, Ingo Money is the “old guy” on the block for money-in and money-out solutions. And I’m proud of that! I was told long ago by a senior board member that “you can’t get 30 years of experience in a day less than 30 years”. That experience begets expertise, and we are the clear experts when it comes to enabling what we like to call Money Mobility. That’s evident when…
Enabling companies to send disbursements – or payouts – to consumers and small businesses digitally, safely, and reliably is infinitely harder than equipping companies to take payments from consumers. It may seem as simple as connecting to one or two APIs because you’re told what great “coverage” they have, but still, the reach is not ubiquitous. Historically, consumer payouts have been offered via ACH or check, in part because checks are still universally accepted here…
The world has changed. And with it, so have our expectations of money. Money must be easy, portable, and work for us rather than against us. When someone pays us, we want the money to be instantly available in whatever account or on whichever card works best for us right now. In short, we need our money to be modern. Today, I am proud to share that Ingo Money is launching an expanded suite of…
Ushering In The Era Of Disbursements 3.0 Depending on who you ask, old-style disbursements began their digital transformation in 2017 when Uber disrupted the traditional idea of payday, introducing on-demand payments and early wage access. When ACH was still considered fast, that was transformational. The progression from paper dominance and ACH to point solutions to the stage we’re entering now – let’s call it “Disbursements 3.0” — is creating startling new possibilities for instant payments at scale,…
The Dawn Of Instant Payments The majority of small businesses fail because they can’t match accounts payable with accounts receivable. It’s the same for people. From SMBs to individuals and families, financial health comes down to cash flow. That fact – along with timing and technology – has brought us to the brink of a historic moment when “instant” money changes payments forever. Instant is already bringing change to millions in the consumer and SMB…
“Float” – the notorious interval between when payors send funds and when payees possess those funds – has long been held as sacred and immutable by financial institutions (FIs) both as a risk mitigation practice and to bolster liquidity. There’s just one problem with float being at or near the center of your 2020 payments policy: it’s a fallacy. Float as a policy is irrelevant and outdated. Not only is float of no discernible benefit…
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