Gerald Conrad (Jerry) has been involved in the financial services industry for over 30 years. Jerry’s focus has been to use advanced technology and analytics to create a competitive advantage. During his career he has had a broad array of experiences including formation of First National Bank of Marin (“Bank of Marin”), the first secured credit card issuer, and Quantitative Data Systems (“QDS”), a secured credit card processing platform.  The Bank of Marin was acquired by the Sherman Group.  Allstate Insurance saw the opportunity within QDS providing underwriting, fraud detection and advanced decisioning for the private passenger auto insurance industry and eventually acquired QDS, where Jerry stayed involved for another 5 years.  

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In 2005, Jerry recognized the opportunity to serve the growing number of the non-banked population via the prepaid debit card industry.  To capitalize on this emerging and new financial services product he formed a strategic relationship with MetaBank and went on to become an MSP for MasterCard.  After significant research he developed a state-of-the-art technology platform that enabled financial institutions to offer a small value line of credit product (LOC) to the under-banked and unbanked U.S. consumers.  Primary Innovations, LLC was formed and in November 2006, the Primary processing platform was tested on traditional payroll cards, making it the first bank-sponsored small value LOC product offered on a prepaid debit card program.  In 2008 the LOC program under the iAdvance brand was awarded “Best New Product” at the annual Prepaid Cards Expo.  The Primary platform processed over 3 million LOC transactions and supported LOC programs that generated annualized LOC funding of more than $500 million.  Primary Innovations, LLC was sold to Cash America (CSH on the NYSE) in 2009.  

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He has also provided products and services to AT&T, AON, Capital One, GMAC, Ford Motor Acceptance, Portland General Electric, Continental Insurance, General Re, American Re, Aetna Insurance, Fidelity Federal Bank, and many other significant companies. 

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Jerry is currently Chairman of Memo Financial Services, Inc. (Memo), one of the largest money services businesses in the U.S.  Founded in 1986 and headquartered in central Pennsylvania, its products and services include money orders, bill payment and prepaid card services, turn-key money order and bill payment processing, equipment maintenance & depot, AML Compliance Consultation and AML Audits delivered through over 3,200 agents across a 26-state footprint.   Memo provides more than $1 billion of financial services to millions of consumers per year.  Memo’s target independent retailer locations include supermarkets, convenience stores, check cashers, pharmacies, bookstores, credit unions, mailbox outlets, travel agencies.

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Jerry is on the Advisory Board of Liquid Biosciences, a technology platform that can accurately identify the biological and behavioral truth driving patient outcomes.  They help major biotech, pharma and diagnostic companies slash development cost, risk, and time by 50%, by mathematically interrogating biological and clinical data. They’ve successfully completed 200 projects across 45 diseases in 10 years. Our reproducibility rate is 100%.

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He is also on a Board of Directors for Pave Finance Inc., a personalized financial advisor app powered by technology once reserved for the 1%. 

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Recently Jerry has joined the Board of Directors of EvoChip, a Configurable AI learning engine, providing superior efficiency and low power consumption.

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