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Ingo Further Expands Executive Team as Part of Its Growth Plans

Ingo Money (“INGO®”), the leading innovator in risk management solutions enabling Good Funds in minutes, announces Matt Rosenburg as its newest CIO. The change comes as part of an ongoing series of additions to management at Ingo as the company takes on institutional equity and launches its prepaid remote deposit capture network nationally. Former CIO, Darryl Storey, will remain with the company in a significant technical advisory role.

Previously with Green Dot Corporation, Rosenburg oversaw Information Security and Technology Operations functions and also worked for Will Sowell, president and COO, Ingo. In addition, Rosenburg has held positions with East West Bancorp, OneWest Bank (formerly Indymac Bank) and Donaldson, Lufkin and Jenrette.

“We are focused on expanding our management resources rapidly and significantly to keep up with accelerating demand for our solutions in the marketplace,” said Drew Edwards, founder and CEO, Ingo Money. “We needed Darryl in a new role to help us deal with escalating demand and complexities that go with large bank clients and we needed Matt’s background and experience to help get us to the next stage of our growth trajectory.”

Storey, who has been with the company for nearly 13 years, began his career in the U.S. Air Force, where he served for more than two decades. As a technology expert, he holds an associate degree in Advanced Electronic Theory and Design, a bachelor’s degree in Information Systems and a master’s degree in Information Technology.

About Ingo Money

Ingo Money, Inc® (formerly Chexar Networks, Inc.) has provided financial services to hard working individuals in the U.S. for 12 years. Ingo Money’s solutions enable consumers to convert any check into Good Funds defined as money that is safe to spend because it doesn’t carry the risk of reversal. We believe that the population needs Good Funds solutions that give them easy and affordable control over their money.

The company’s solutions include a consumer direct remote deposit capture network Branded Ingo® delivered on smartphones and a white label commercial solution branded Ingo Enterprise® that powers banks and AFS companies to offer Good Funds across all of their channels including branch, ATM and smartphones. Today consumers access Good Funds from thousands of bank and AFS locations, ATMs, Kiosks, and mobile devices around the nation.

Ingo Money is located in Georgia where it operates a data center, and two risk management centers employing almost 150 professionals. Ingo Money’s clients include some of the largest banks, AFS providers and payment networks in the world.

Learn more at ingomoney.com or contact Chez Echeverri at [email protected].

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