JetPay® 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 Ingo™ Money as a new and convenient funding method to its
Money Access Card® (MAC) Prepaid Visa®. 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
www.jetpaycard.com, 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 www.jetpaycard.com. For
information on other JetPay products and services go to:
www.jetpay.com.
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 www.jetpay.com 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. Ingo™
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. Ingo™ 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.
Photos/Multimedia Gallery Available:
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JetPay CorporationPatricia DiSanto, Senior Vice PresidentMAC
Product Development Manager(484) 324-7985PDiSanto@jetpaycorp.comorJetPay CorporationJoan
Wurzel, Senior Vice PresidentDirector of Corporate
Communications(610) 747-0256joan.wurzel@jetpaycorp.com
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