CLEVELAND, July 24, 2018 /PRNewswire/ -- KeyCorp (NYSE:
KEY) announced today the launch of its instant payment solution
with Ingo Money. Through Ingo Push,
Ingo Money's turn-key push payment
platform, KeyBank business clients can disburse guaranteed funds in
real-time.
Ingo Money enables businesses,
banks and government agencies to meet consumer demand for instant
money proceeds while saving time and money. Through Ingo Money's platform, KeyBank commercial
clients will be able to quickly and easily turn slow, expensive
paper checks and ACH deposits into instant, fully guaranteed funds
that are immediately available in their customers' accounts.
Ingo Money's network reach and
intelligent routing system ensure industry leading delivery rates
for these commercial clients.
"With potential delays and security risks, it comes as no
surprise that organizations are seeking ways to substitute
paper-based payments with digital transactions. Consumers are
increasingly demanding an instant experience," said Matt Miller, head of product and innovation at
KeyBank Enterprise Commercial Payments. "Our priority is to provide
businesses with secure solutions that address these pain points
while also streamlining processing and enhancing the consumer
experience. By replacing paper and manual systems, this digital
payment solution can help businesses cut operating costs and
eliminate the delay and risk of check deposit."
The latest collaboration with Ingo
Money exemplifies KeyBank's model of partnering with
companies whose solutions align with the broader strategy of
delivering innovations that make clients' businesses grow, avoid
risk and be profitable. It marks the most recent in a series
of relationships with emerging fintech providers.
Earlier this year, KeyBank and Snapsheet announced the joint
launch of Snapsheet Transactions, a multi-channel payment platform
for insurance carriers which will include the Ingo Push payment
platform,
"The Instant Economy opens a path for businesses to exceed
customer expectations while adding to their own bottom line," said
Ingo Money CEO Drew Edwards. "With
KeyBank, we can broaden the reach of our leading instant payment
platform, transforming traditional disbursements for insurers,
lenders, and any other business committed to digitizing the last
mile of a modern payments experience."
About Ingo Money
Ingo©
Money is the instant money company. Founded in 2001 with a mission
to digitize the paper check, our push payments technology enables
businesses and banks to disburse instant, safe-to-spend funds to
more than four billion consumer debit, prepaid, credit, private
label credit and mobile wallet accounts. This transformation of
traditional payments helps businesses reduce cost and delays while
dramatically improving the consumer experience. Headquartered in
Atlanta, you can learn more at
ingomoney.com/enterprise, or follow us on LinkedIn, Google+ and
Twitter.
About KeyCorp
KeyCorp's roots trace back 190 years to
Albany, New York. Headquartered in
Cleveland, Ohio, Key is one of the
nation's largest bank-based financial services companies, with
assets of approximately $137.8
billion at June 30, 2018. Key provides deposit,
lending, cash management, and investment services to individuals
and businesses in 15 states under the name KeyBank National
Association through a network of approximately 1,200 branches and
more than 1,500 ATMs. Key also provides a broad range of
sophisticated corporate and investment banking products, such as
merger and acquisition advice, public and private debt and equity,
syndications and derivatives to middle market companies in selected
industries throughout the United
States under the KeyBanc Capital Markets trade name. For
more information, visit https://www.key.com/. KeyBank is Member
FDIC.
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SOURCE KeyCorp