The company is expanding its offering to provide real-time bank transfers. The updated service allows businesses to disburse loan payments, insurance payouts or wages instantly by utilizing the Real Time Payments (RTP) network as opposed to ACH.
| less than a minute read
Plaid launches new feature to speed up bank payments
“The US has historically been card-based, but if you think about bank payments around the world when you have a native user experience and a solid way to move the money, consumer expectations start to shift and people start to look forward to and demand the ability to move money with a bank payment,” Anderson says.
