Fintech Start-Up Plaid Enters Payments Space
One year after an antitrust suit blocked Plaid’s sale to Visa, the company is announcing another move into the payments business. The company, which makes software that lets banks and other fintechs plug into their user’s financial accounts, with permission to validate balances and other details, won’t be involved in moving money as part of this recent move.
The new program will use its software to help consumers and businesses more easily make digital payments funded by their bank accounts. Look for other payment processors and tech companies in the US, Canada and Europe to follow suit.