SOURCE: Ingo Money

Ingo Money

October 17, 2016 08:00 ET

Ingo Money and MoneyGram Launch New Credit Card Payment Service

Empowers Consumers to Expedite Bank and Private Label Credit Card Payments

ATLANTA, GA--(Marketwired - Oct 17, 2016) -  Ingo Money, a leader in real-time push payments technology, and MoneyGram, a global provider of innovative money transfer and payment services, today announced an agreement to offer consumers a new service to make quick and convenient credit card payments through Ingo Money's platform at any one of MoneyGram's estimated 40,000 U.S. retail locations.

Ingo Money's push payments technology enables banks, financial services providers and companies to move money instantly between businesses and people in mobile, online, ATM and retail channels with a single API integration. 

"MoneyGram is a trusted global consumer brand with a decades-long commitment to consumer financial access. We are pleased to enable MoneyGram to deliver this enhanced real-time payment service to its customers," said Drew Edwards, founder and CEO, Ingo Money. "This collaboration expands our one-of-a-kind push payments network and enables consumers to originate instant, secure push payments in seconds, simply by swiping the card they wish to fund at any domestic MoneyGram retail location."

"MoneyGram is committed to giving consumers an easier way to make payments," said Pete Ohser, chief revenue officer for Americas and Europe. "Our alliance with Ingo Money will enable us to deliver a whole new level of convenience, speed and choice for paying credit card bills." 

Ingo Money processes push payments in minutes to virtually any bank debit card, prepaid card, bank-issued or private-label credit card, PayPal account or cash disbursement location with intelligent, multi-channel routing, compliance controls and full-service settlement and servicing. Consumers can originate transactions in retail locations, ATMs and mobile apps, including the Ingo Money App, which enables consumers to cash a check with a national bank and receive the funds in minutes to any linked account. The service also enables instant B2P and P2P disbursements originated by banks, companies and government agencies.

About Ingo Money

Ingo™ Money is a push payments technology and risk management company that is changing the way businesses and people pay and get paid, helping them convert cash, checks and ACH into instant digital payments. With a single Ingo Money API, businesses and banks can originate corporate disbursements, P2P payments, check deposits and bill payments funded in real-time to more than four billion debit, prepaid, credit, private label credit and mobile wallet accounts. Learn more at ingomoney.com/enterprise, or follow us on LinkedIn, Google+ and Twitter.

About MoneyGram

MoneyGram is a global provider of innovative money transfer and payment services and is recognized worldwide as a financial connection to friends and family. Whether online, or through a mobile device, at a kiosk or in a local store, we connect consumers any way that is convenient for them. We also provide bill payment services, issue money orders and process official checks in select markets. More information about MoneyGram International, Inc. is available at moneygram.com.

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