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The new tech will allow for Marqeta’s customers to more easily initiate ACH transactions for sending money between both customer accounts and external accounts. Customers will also be able to verify and link external accounts faster, which should simplify funding accounts and spending.
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“By partnering with Plaid, we are building on the capabilities of modern card issuing that make it easier for our customers to build innovative card programs that allow their businesses to thrive,” Marqeta Chief Operating Officer Vidya Peters said in the release. “We’re making it as simple as possible for consumers to access their bank information from one application, and reduce the time it takes to fund and begin using their account.
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