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Global financial technology platform Adyen has partnered with digital finance firm Plaid to introduce Pay-by-Bank services in North America in early 2024. Adyen has made substantial investments in North America, including obtaining a U.S. Branch License and establishing local tech hubs. By combining these investments with Plaid’s technology, Adyen aims to unlock this enterprise payment solution in the region.
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"The collaboration between Adyen and Plaid not only enhances security and fraud protection measures but also reduces chargebacks and transaction failures, according to the press release. This payment method also empowers enterprise merchants to process larger payment volumes."
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