Company News »

JetPay Corporation’s MAC Prepaid Visa Adds Ingo Money

Business Wire
Share on StockTwits
Published on

JetPay(R) Corporation (“JetPay” or the “Company”) (NASDAQ: “JTPY”), a leading provider of debit and credit card processing, payroll and prepaid card services, Tuesday announced that it has added IngoTM Money as a new and convenient funding method to its Money Access Card(R) (MAC) Prepaid Visa(R). Consumers download the Ingo Money mobile app directly to their Android or iPhone device. Following enrollment, they can then load approved checks directly onto their MAC card. MAC is the newest product line from JetPay. This versatile card can be used to directly deposit all or part of a pay check or government check, deposit cash through Green Dot, load funds from a checking account, and now deposit an approved check directly from a smartphone with Ingo Money.

MAC is one of the most versatile prepaid cards on the market today. Currently introduced in a limited geographic region in the mid-Atlantic states, MAC will soon be available nationwide. The card has some of the lowest fees of any prepaid card. With no activation fees and low usage fees, MAC more than pays for itself in eliminating high check-cashing, money order and overdraft fees. MAC is perfect for funding a college student, saving for special projects, or just having a safe method of paying for cash items. With MAC, there is no credit check. The consumer goes to, signs up, and the card will arrive a few days later in the mail. Then activate MAC, load it with cash in one or all of 5 different ways, and start using it to pay bills, go to lunch or pay for college classes. MAC can be used like a checking account without checks — anywhere that accepts Visa, including on the Web.

Ingo Money provides MAC with even more convenience, since anyone with a smartphone can download the free app from the app store and follow the prompts to enroll in the Ingo Money service. Following registration, a consumer takes a picture of a check and submits it to Ingo Money for approval. Funds from approved checks are loaded directly to MAC and are available to spend immediately without risk of reversal. Funds can be made available in minutes for a fee or in 10 days at no charge. The consumer chooses the timing for each check transaction. As Ingo says, it’s as easy as “download, enroll, click and go.”

MAC representative Patricia DiSanto, senior vice president and product development manager for MAC, had this to say about adding Ingo Money: “With the convenience of Ingo Money, MAC is now ready to be introduced to consumers from coast-to-coast. The ease of loading money onto MAC with Ingo makes it a valuable financial tool for consumers. It is JetPay’s goal to provide the most flexible prepaid card at the lowest possible price to consumers, and MAC with Ingo Money meets that goal.”

“Ingo Money is pleased to partner with JetPay and its MAC service,” said Matthew Frye, executive vice president, Ingo Money. “We share JetPay’s goal of making it easier for consumers to access their money to meet their financial obligations and day-to-day purchase and payment needs. With Ingo Money, most check types can be submitted and approved for funding to MAC, providing consumers with a convenient and reliable method for accessing their check funds right on their card.”

For more information about MAC, go to For information on other JetPay products and services go to:

About JetPay Corporation

JetPay Corporation, based in Berwyn, Pennsylvania, is a leading provider of vertically integrated solutions for businesses including card acceptance, processing, payroll, payroll tax filing and other financial transactions. JetPay provides a one vendor solution for payment services, debit and credit card processing, ACH services, and payroll and tax processing needs for businesses throughout the United States. The Company also offers low-cost payment choices for the employees of these businesses to replace costly alternatives. The Company’s vertically aligned services provide customers with convenience and increased revenues by lowering payments-related costs and by designing innovative, customized solutions for Internet, mobile and cloud-based payments. Please visit for more information on what JetPay has to offer, or call (800) 834-4405.

About Ingo Money

Ingo Money, Inc. facilitates the acceptance of consumer funds from a variety of monetary instruments to originate immediate, non-provisional funding for bank accounts, payment cards and mobile wallets. The only technology solution of its kind in the marketplace, Ingo Money 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. The instantaneous and non-provisional nature of Ingo Money funding transactions means that, regardless of their source, deposited funds are “Good Funds,” available to spend by the account or mobile wallet owner in minutes without risk of future reversal.

Ingo Money, Inc. owns and operates two lines of business. IngoTM Network Solutions, operated in conjunction with First Century Bank, N.A., is a consumer-direct, mobile account-funding network accessible on iOS and Android devices via mobile application and embedded SDK. IngoTM Enterprise Solutions is a commercial platform that enables banks and alternative financial services (AFS) providers to deliver immediate, non-provisional “Good Funds” services to their customers through any servicing channel.

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.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. JetPay’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside JetPay’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to, those described under the heading “Risk Factors” in the Company’s Annual Report filed with the Securities and Exchange Commission (“SEC”) on Form 10-K for the fiscal year ended December 31, 2013, the Company’s Quarterly Reports on Form 10-Q and the Company’s Current Reports on Form 8-K. JetPay cautions that the foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in JetPay’s most recent filings with the Securities and Exchange Commission. All subsequent written and oral forward- looking statements concerning JetPay or other matters and attributable to JetPay or any person acting on its behalf, are expressly qualified in their entirety by the cautionary statements above. JetPay cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. JetPay does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Share on StockTwits