SOURCE: Ingo Money

Ingo Money

June 14, 2016 08:00 ET

Ingo Money Names Dickson Chu to Board of Directors

Chu to Assume Broader Leadership Role Having Helped Establish Ingo Money as an Industry-Leading Push Payments Provider

ATLANTA, GA--(Marketwired - Jun 14, 2016) - Ingo Money, Inc. today announced that payment industry veteran and former Ingo Money Chief Product Officer Dickson Chu has been elevated to the company's Board of Directors. Chu joined Ingo Money in 2014 to lead the company's network partnership and product development initiatives, and has helped firmly establish Ingo Money as an industry-preferred and consumer leading push payments and fast funds provider. As part of this transition to the Board, Chu will also continue to serve as a strategic advisor to the Ingo Money leadership team on a regular and formal basis.

"I believe in Ingo Money's vision for the future of payments and am excited to take on this new broader role on behalf of the company," said Chu. "Ingo is well-positioned to be the core fast funds, omni-channel account funding and push payments platform supporting today's longstanding, consumer-facing payments brands."

During Chu's tenure, Ingo Money expanded its capability beyond mobile check deposit for prepaid card accounts into a broader fast funds and push payment technology platform trusted by companies like Visa, MasterCard, PayPal and more. Through the Ingo Money App, individuals, 1099 freelancers and small business owners can now seamlessly and instantly cash and then transfer funds from checks to any number of destination accounts. Chu was instrumental in the company's acquisition of Fuze Network, Inc., which led to the industry's first check splitting capability supporting instant mobile bill payment as well as instant account funding into bank, prepaid card and PayPal accounts with guaranteed good funds. He also represents Ingo Money on the Federal Reserve Board's Faster Payments Taskforce.

"Dickson joined Ingo Money two years ago with a very specific mission to broaden our focus and market presence beyond our core risk management offerings," said Drew Edwards, founder and CEO, Ingo Money. "With Dickson's help we have expanded our market share through product integrations and partnerships with the industry's leading brands. I am excited to leverage his experience and talents in an even wider, more visionary role on the Board."

Fellow Ingo Money Board members include Chairman John W. Collins, former CEO of Intercept (purchased by FIS); H. Eugene (Gene) Lockhart, former president and CEO of MasterCard Worldwide; Drew Edwards, founder & CEO of Ingo Money; Bailey P. Robinson, former CEO of Wright Industries (purchased by Robotic Technology Systems, PLC); Shane Kim, partner and managing member of Camden Partners; and Vince Talbert, former CMO of BillMeLater (acquired by PayPal).

About Ingo Money

Ingo™ Money is a leading push payments company enabling a variety of omni-channel fast funding platforms including retail, corporate, banking, and consumer solutions. The Company transforms deposits for the 138 million American consumers and 15 million small business owners that need instant access to their money by digitizing the more than $20 trillion paper check industry. The Ingo Money App, with First Century Bank, N.A., enables anyone to take a photo of a check and submit it for approval and instant funding to almost any bank account, prepaid card, or PayPal. Learn more at ingomoney.com, or follow us on LinkedIn, Google+, Facebook and Twitter.

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