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In the wake of a failed takeover by Visa, open banking platform Plaid is making a move into account-to-account payments.
The firm has put together an ecosystem of payment partners in North America and Europe – including Square, Dwolla and Currencycloud – that will integrate Plaid’s 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.
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