CardWeb.com’s CardData database of Company Profiles today features Ingo Money.
Ingo Money is a leading provider of financial technology services, working with some of the most well-known institutions in the industry for more than 12 years. The only technology solution of its kind in the marketplace, our services are essential to providing a convenient source of recurring funds for any payment platform to fuel the consumer adoption of new and existing digital payments. Our unique technology platforms and services enable us to provide consumers with irreversible funds in minutes, regardless of their source.
Today, nearly three million consumers have used our technology to access “Good Funds” from thousands of bank branches and AFS locations, ATMs, kiosks and mobile devices across the United States.
Ingo Money owns and operates two lines of business. Ingo Money Network™, operated in conjunction with First Century Bank, N.A., is a consumer-direct mobile remote deposit capture network accessible on iOS and Android devices via mobile application and embedded SDK. Ingo Enterprise™, a commercial white label solution, enables banks and alternative financial services (AFS) providers to make immediate, non-provisional “Good Funds” available to their customers.
Headquartered in Roswell, Ga – and operating a data center and two risk management centers in Georgia – Ingo Money serves many of the largest financial institutions, AFS providers and payment networks as clients.
Drew W. Edwards
Drew W. Edwards has served as Chief Executive Officer since founding Chexar/Ingo Money (formerly El Banco Financial Corporation) in 2001. From 1995 until 1999, Mr. Edwards founded and served as Chief Executive Officer and Chairman of the Board of Directors of Towne Services, Inc., a publicly traded e-commerce company providing solutions for over 1,000 banks nationally.
Prior to Towne, he held management positions with the Federal Reserve Bank and The Bankers Bank in Atlanta. Mr. Edwards also served on the Board of Directors of Skylight Financial, one of the nation’s first payroll card companies, now owned by Netspend Corporation.
Will Sowell is the President and Chief Operating Officer of Chexar/Ingo Money. In this role, Will is responsible for technology, risk, operations, customer service, and human resources. His principle focus is to timely deliver innovative products and ensure the organization is prepared for growth.
His previous role was Chief Operating Officer for Green Dot, where he led Green Dot’s operational efforts to become a public company and a bank holding company. Will also led initiatives to increase margins and drive revenue growth. Prior to Green Dot, Will was at GE Money for 12 years, including time as General Manager of CashWorks, and led prepaid programs for GE Money, including the launch of the Walmart MoneyCard program.
Will has a Master’s of Business Administration from SMU.
Dickson Chu is Executive Vice President, Corporate Development and Chief Product Officer for Ingo Money. Dickson is an accomplished General Manager and innovative product builder with over 25 years experience working at the intersection of Financial Services, customer insights and the strategic use of technology.
He is currently investor and active advisor to a number of emerging companies that are working to define the next generation of digital payments, commerce and advertising, such as, Anywhere Commerce (mobile payments solution provider), Leapset (next generation integrated POS solution provider), Sequent Software (Trusted Service Manager for mobile devices), Shopilly (the ‘start page for shopping’), Cortex MCP (next generation digital wallet and tokenization alternative), Cube (omni-channel payments and commerce platform), BoomTown (“Uber meets Geeksquad” for local merchant technology support) and Bluefin Payments (payment solution provider to ISV’s).
Previously Dickson was SVP Merchant Solutions at LivingSocial where he was charged with creating a new business unit to go beyond the ‘daily deal’. Prior to LivingSocial he was Managing Director, Digital Networks in the newly created Citi business unit, Global Enterprise Payments (GEP). GEP leverages Citi’s unparalleled global capabilities across retail banking and institutional clients in more than 140 countries around the world. In this role, he had global responsibility for leading the development of new digital payments and marketplaces capabilities for mobile network operators and Internet companies delivering e-Commerce and m-Commerce; he lead Citi’s efforts to create and launch Google Wallet.
Prior to joining Citi, Dickson was Vice President of Global Product and Experience for PayPal Inc. In this role, he led product strategy, development and user experience design for the millions of PayPal consumers and merchant customers around the world. He was part of the initial leadership team that created the merchant services business in 2004 where he grew the Merchant Services business from $60M to over $1B over 4 years and served as Global General Manager for the $1B+ PayPal Global Merchant Services from 2007-2009 prior to becoming head of Global Product.
Prior to PayPal, he was General Manager for Yahoo! PayDirect, where he transformed the domestic P2P payments business into an Internet based international money transfer service in partnership with MoneyGram. Dickson has held various senior management roles at companies such as I-Impact, an Internet based predictive analytics start-up founded in Tel Aviv; Wells Fargo where he lead a senior team to create new retail banking products; and, CSC Index, the inventors of Business Reengineering.
Dickson received his Bachelor of Arts degree from St. Mary’s College of California. He is a board member at Bluefin Payments, BoomTown and CFY.org (a non-profit that provides a digital learning platform to public middle schools – www.powermylearning.org).