Neural Payments & MEA Financial launch embedded P2P functionality
CINCINNATI, OHIO (July 18, 2023) — Neural Payments, a Fintech Pioneer in the Peer-to-Peer (P2P) payments space, is pleased to announce its official integration with MEA Financial, a national leader in the provision of innovative software solutions to the financial services marketplace around the nation. With this integration, MEA clients will be able to take advantage of a fully integrated API P2P solution that can be embedded directly into the digital/mobile banking experience and entirely represented under the financial institutions’ branding.
“MEA is excited to work with Neural Payments for a P2P option for our clients”, says Ed Rhea, CEO of MEA Financial. “The work we did with Neural Payments for United Bank created an excellent integration that will allow clients to quickly deploy the solution.”
MEA clients will now be able to send money anywhere, anytime via a seamless out-of-network experience. Neural Payments P2P functionality offers the ability to easily send funds both inside and outside of the Neural Payments ecosystem via existing integrations with PayPal, Venmo and accounts tied to debit cards. “Neural Payments overcomes the challenges consumers face in a crowded P2P payments space by enabling the sender to easily send money to anyone, and allowing recipients to choose how they want to receive their money,” says Melissa Kopp, Executive Director of Client Experience at Neural Payments. “Consumers want to be able to send money seamlessly without the need to worry about the application that the receiver may be using. Neural Payments white-labeled P2P has given the end-user the ability to choose where they want their money to go, and with integration into the MEA digital banking experience, consumers can access all their money movement needs in one, trusted location”, says Kopp.
United Bank, a full-service community bank serving customers in rural Georgia and metro Atlanta, worked with MEA Financial Enterprises to integrate Neural Payments P2P solution into MEA’s mobile app suite. “After our previous P2P solution was sunset, we set out to find a product that could come alongside other existing payment services rather than compete against them. We found exactly that in Neural Payments with integrations to Venmo, Paypal, and Debit Cards. Neural Payments and MEA worked diligently together and provided a great product” stated Travis Weed, VP Digital & Card Products Manager, United Bank.
About Neural Payments
Neural Payments was created to assist Financial Institutions in adopting change at or ahead of market pace. Leveraging experience working with banks, credit unions and payment processors globally, Neural Payments will connect institutions to the latest technologies and trends. Learn more at neuralpayments.com.
Founded in 2002, MEA provides more than 900 US based financial institutions with niche software solutions that connect with consumers. UniFI Digital Banking, Text Concierge, Online Account Opening, Mobile Access and Voice Access are examples of solutions developed by MEA that allow financial institutions to reach consumers in their preferred manner. To learn more about MEA please visit www.meafinancial.com.