It’s been a little bit since we got an update out. The team has been heads down onboarding new team members and working diligently on new features and integrations. As such, we wanted to update you on the happenings and will save the peak behind the technology curtain for a future newsletter.

New Employees

I’d like to first take the opportunity to introduce the two newest members to the Neural Payments team, Evan Uchtman and David Patrick.  

Evan joins as our new Director of Operations. He comes to us with over eight years of experience in the payments industry at both one of the largest banks and payment processors in the US. He has held roles ranging from managing emerging digital products, building out product management operating models, and a leader in managing enterprise portfolios. At Neural Payments, Evan is responsible for managing our mobile banking and processor partnerships, improving internal processes, overseeing client implementations and overall client success, and marketing.

David was brought in as our Director of Engineering. He brings over twenty years of experience specializing in the design, deployment, and maintenance of highly available enterprise class network infrastructures. That experience has included supporting both on-premise and cloud solutions domestically and abroad for the Department of Defense along with all the necessary clearances and certificates. David oversees network connectivity with external partners, security and compliance, as well as infrastructure performance and DevOps.

We also were able to bring in some summer help in the form of three recent college grads, Griffin, Matt, and Bash. Matt and Bash will be working with our engineering team to build out new features and functionality while Griffin will be focusing on marketing and operations.

Welcome to the team, guys!

Product Updates

As we continue to polish the solution and in response to feedback from our pilot and potential clients, we are redefining what is possible in terms of Neural Payments fraud mitigation. We’ve identified a number of different fraud rules that we feel will drastically reduce fraud events that Financial Institutions may have experienced with other P2P offerings. These events are then paired with a configurable corresponding action in order to allow institutions the flexibility to adjust these based on their own preferences and cardholder behavior.

We have also received a large number of questions while demoing the product surrounding features and functionality compared to other solutions in the market. To help address some of these, we have put together a P2P market comparison graphic. This chart outlines how our features and functionality stack up against current and former product offerings in the P2P space. The full chart is available upon request.

Finally, in order to provide additional information and answers to questions, we are in the process of putting together several videos which will be uploaded to our YouTube page over the coming weeks.  These videos will cover everything from an introduction to Neural Payments and our P2P offering, demos of specific functionality ranging from On-Network transfers, Off-Network transfers, and fraud scenarios, as well as specific partnership integrations. Keep an eye out in additional newsletters and on our LinkedIn page for when these videos will be posted.

Best regards,