Peer-to-Peer Payments
P2P Payments for Banks and Credit Unions
Neural Payments P2P solution is a cutting-edge technology that enables financial institutions to facilitate seamless peer-to-peer (P2P) transactions. The Neural Payments P2P solution is white-labeled and embedded directly into the financial institution's digital banking platform. The solution offers real-time transaction processing, enhanced fraud detection, and personalized user experiences, making it an ideal choice for financial institutions looking to streamline their payment processes and enhance the user experience.
Why P2P Matters Today
Consumers are increasingly accustomed to and expect access to peer-to-peer payment methods. Today almost all consumers use some form of touchless payment. Not just Gen Z, not just Gen X – everyone. Most consumers use P2P payments, and it has grown faster than any other payment option.
- More than 8 out of 10 people have used P2P services, many using them more than once a week.
- When P2P services first launched, the average payment sent was $25. Today, that average has grown to between $65-$75.
- Consumers use P2P platforms like bank accounts with an estimated $3.4B dollars sitting in digital wallets.
What Can Neural Payments Do for You?
The benefits of embedding P2P into your digital banking experience are numerous. It helps financial institutions gain trust and offer an important service that consumers are looking for.
With Neural Payments You Can:
Go live in as few as 90 days
Experience seamless integration and go live in as little as 90 days. Accelerate your digital payments strategy with a solution designed to meet your needs faster than competitors.
Limit fraud exposure
Protect your customers and your reputation. Our advanced fraud engine minimizes risks with customizable rules, helping you safeguard transactions in real time.
Lower customer acquisition costs
Reduce costs while enhancing your value proposition. With our “recipient first” approach, anyone receiving funds outside of your Financial Institution becomes a potential customer.
Lower transaction costs
Save on transaction costs while offering best in class payments. With Neural Payments, our pricing structure ensures lower fees, giving you cost savings without compromising functionality or security.
Build digital banking that fits your customers
Customize our P2P solution to match your FI's brand. With Neural Payments, you get a white-labeled, flexible solution that integrates seamlessly into your ecosystem.
Recapture deposits
Bring deposits back to your institution. By keeping payments within your ecosystem, Neural Payments helps you reduce outflows to third-party apps and increases account balances.
The Value Provided to Banks and Credit Unions Is Numerous:
Neural Payments offers a simple and direct solution that is sender driven and doesn’t require your customer to download any apps. With the tools your customers need to move transactions into your digital banking software, you will:
- Enhance your digital banking experience
- Improve brand loyalty and trust by offering a service your consumers are looking for
- Lower the cost of client acquisition through brand referral
Find the solution you need for digital banking made easy. Learn more about our P2P system, how it works, and why this is a P2P game-changer that your company must have.