Ingo Money announced the addition of Matt Frye as senior vice president and head of Network Sales. In his role, he will lead strategic business development for the Ingo Money Network, the nation's only mobile remote deposit capture load network for prepaid that provides payment card issuers and consumers access to guaranteed good funds from checks in minutes using smartphones.
Frye brings more than 15 years of specialized expertise within the prepaid, bill payment and card payment industries. Prior to joining Ingo Money, he was a senior business leader for Visa's Consumer Prepaid Channel Development team, where he was responsible for the company's U.S. consumer reloadable prepaid card product strategy and the development of supporting network services and capabilities across all consumer distribution channels. In addition, Frye oversaw Visa's financial institution and program manager partnerships and drove the company's mobile remote deposit capture initiative.
"The financial services industry and consumer marketplace are rapidly evolving, necessitating strong executive leadership and a cohesive strategy to achieve consistent growth and scalability," said Drew Edwards, founder and CEO, Ingo Money. "Matt is a crucial addition to our team of thought leaders. His proven experience and comprehensive knowledge of the payments industry will help guide Ingo Money to achieve further success."
Prior to his role at Visa, Frye served as head of Product Strategy and Client Services for FSV Payment Systems, where he supported high volume processing services for large prepaid program managers and issuers. He was also vice president of National Sales and Product Development for PreCash, a leader in payment services and transaction processing. In 2004, Frye co-founded PAYjr, Inc. and served as its president and chief operating officer. His responsibilities included developing and maintaining the company's product development strategies for its prepaid and gift card businesses and overseeing corporate governance and finances.
"Ingo Money is a pioneering organization, providing unique and differentiated services that enable consumers to access their money quickly and conveniently to meet their financial obligations and get more value from their payment cards," said Frye. "I am excited to join Ingo Money as it continues to drive meaningful innovation in the financial services industry."