Plaid: Launches A2A payments programme
- Plaid is used by thousands of digital financial apps and services like Betterment, Expensify, Microsoft, and Venmo
- The firm has put together an ecosystem of payment partners in North America and Europe including Square
- That will integrate connectivity technology into their processing systems for bank payments
- This means that companies can add a pay-by-bank option at checkout, with the funds transfered by the ecosystem partners
- Account-based payments are set to be at the centre of the shift to digital wallets
- The DoJ determined that the acquisition by Visa would eliminate a nascent competitive threat to the card scheme’s own business
