Trust Stamp Partners with Neural Payments to Bring Innovative ID Security to the $3.2 Trillion P2P Payment Sector

Rhea-AI Summary

Trust Stamp (NASDAQ: IDAI) has announced a strategic partnership with Neural Payments to enhance security in the P2P payment sector. The collaboration integrates Trust Stamp's low-code Orchestration Platform with Neural Payments' real-time P2P payment solutions, providing advanced identity verification for KYC processes and selfie-based payment authentication.

The partnership comes as the global P2P payment market is projected to reach $3.63 trillion in 2025 and grow to $16.21 trillion by 2034, with a CAGR of 18.10%. Neural Payments currently serves nearly 80 financial institutions, and the integration will implement Trust Stamp's Irreversibly Transformed Identity Tokens (IT2) technology, eliminating the need for traditional authentication methods like SMS codes or authenticator apps.

Both companies are graduates of the ICBA ThinkTECH Accelerator program, which represents nearly 4,500 community banks in the United States. The partnership aims to address the growing concern of P2P payment fraud, with 8% of banking customers reporting victimization by P2P scams in the past 12 months.

Positive

• Partnership addresses growing P2P payment fraud concerns in a $3.63 trillion market
• Neural Payments serves nearly 80 financial institutions, providing immediate market access
• Integration eliminates need for less secure authentication methods like SMS codes
• Market projected to grow at 18.10% CAGR to reach $16.21 trillion by 2034

Negative

• 8% of banking customers reported P2P scam victimization in the past year
• Increasing threat from fraudsters using generative AI and social engineering

News Market Reaction – IDAI

-3.58%

1 alert

-3.58% News Effect

On the day this news was published, IDAI declined 3.58%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

With 8% of all banking customers saying they’ve been victimized by a P2P scam in the last 12 months, Trust Stamp and Neural Payments partner to decrease the risk of fraud and make banks and their customers more secure

Atlanta, GA, June 30, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI) today announced a partnership with Neural Payments for the integration of Trust Stamp’s low-code Orchestration Platform. Neural Payments provides banks and credit unions with real-time person-to-person (P2P) payments, advanced fraud prevention, and flexible disbursement solutions. This integration provides robust Identity Verification for Know Your Customer (KYC) processes and selfie-based reauthentication for payments.

With the proliferation of popular P2P apps like PayPal, Venmo, Cash App, and Zelle, the global P2P payment market size is projected to hit USD 3.63 trillion this year and reach USD 16.21 trillion by 2034, growing at a CAGR of 18.10% from 2025 to 2034. Fraudsters have taken notice and are using combinations of generative AI and social engineering to intercept payments or trick users into voluntarily sending them money.

Andrew Gowasack, Trust Stamp’s President, commented, "I am excited to partner with Neural Payments to bring our AI-powered technology to the payment sector. Neural Payments has taken a proactive approach by enabling users to enroll using their face and government ID document, then to approve future payments with a selfie. Rather than storing sensitive biometric information, selfies are converted into Irreversibly Transformed Identity Tokens (IT2) which can be compared to future IT2. There is no need for callbacks, insecure one-time passcodes sent via SMS or email, or authenticator apps. Approving a payment is as easy as taking a selfie!”

Andrew Gowasack added, “Neural Payments already serves nearly 80 financial institutions, bringing the highest levels of security while removing friction for both payee and recipient. The Neural Payments team brings significant payments experience and top-tier technology. Financial institutions now have the convenience of security through Neural Payments, along with the strength of Trust Stamp’s identity fraud detection.”

Mick Oppy, founder and CEO of Neural Payments, commented, “At Neural Payments, we’re committed to making it easier and safer for banks and credit unions to offer the P2P experiences their customers demand. Fraud mitigation is no longer a passive issue for financial institutions - it’s a top concern that requires real-time and preemptive action. By integrating Trust Stamp’s cutting-edge identity verification directly into the payment flow, we’re equipping financial institutions with the tools to reduce fraud, streamline authentication, and keep their customers’ money and trust exactly where it belongs. With Trust Stamp, we're signaling our commitment to both our customers and our 2025 growth aspirations as we push towards becoming the FinTech of choice for P2P payments."

Both Trust Stamp and Neural Payments are graduates of the Independent Community Bankers of America (ICBA) ThinkTECH Accelerator. ICBA exclusively represents the nation’s nearly 4,500 community banks in the United States through its advocacy, education, and innovation pillars.

“Partnerships like this fulfill the promise of ICBA’s ThinkTECH Accelerator to drive innovation that addresses our industry’s most pressing challenges and opportunities,” said Charles Potts, ICBA executive vice president and chief innovation officer. “By combining advanced identity verification with seamless real-time payments, Trust Stamp and Neural Payments are delivering a solution tailored to community bank priorities—strengthening security, simplifying compliance, and elevating the customer experience.”

To learn more about the capabilities of Neural Payments, visit https://neuralpayments.com/solutions.

Enquiries

Trust Stamp - Email: Shareholders@truststamp.ai

Andrew Gowasack, President: agowasack@truststamp.ai 

About Trust Stamp

Trust Stamp, the Privacy-First Identity Company^TM, is a global provider of AI-powered identity services for use in multiple sectors, including banking and finance, regulatory compliance, government, real estate, communications, and humanitarian services. Its technology empowers organizations with advanced solutions that reduce fraud, protect personal data privacy, increase operational efficiency, and reach a broader base of users worldwide through its unique data transformation and comparison capabilities.

Located across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

Safe Harbor Statement: Caution Concerning Forward-Looking Remarks 

All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

FAQ

What is the partnership between Trust Stamp (IDAI) and Neural Payments?

Trust Stamp is integrating its low-code Orchestration Platform with Neural Payments to provide enhanced identity verification and selfie-based authentication for P2P payments, serving nearly 80 financial institutions.

How large is the P2P payment market in 2025?

The global P2P payment market is projected to reach $3.63 trillion in 2025 and is expected to grow to $16.21 trillion by 2034 at a CAGR of 18.10%.

How does Trust Stamp's security solution work with Neural Payments?

Trust Stamp converts selfies into Irreversibly Transformed Identity Tokens (IT2) for secure authentication, allowing users to approve payments with a selfie instead of using SMS codes or authenticator apps.

What percentage of banking customers have experienced P2P payment fraud?

According to the announcement, 8% of banking customers reported being victims of P2P scams in the last 12 months.

How many financial institutions does Neural Payments currently serve?

Neural Payments currently serves nearly 80 financial institutions, providing them with real-time P2P payments and fraud prevention solutions.