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The collaboration lets MoneyGram customers in the U.S. use Plaid’s technology to help authenticate their bank accounts, allowing for faster and more secure funding for both domestic and cross-border payments.
“Plaid provides the most widely used and trusted network across digital financial services, covering thousands of financial institutions across the United States, Canada, Europe and the United Kingdom,” said Brian Dammeir, head of payments and financial management at Plaid. “Now, MoneyGram can leverage the power of the Plaid network to quickly and securely drive conversion, reduce bank returns and proactively prevent fraud.”
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