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According to the release, Zilch customers will now be able to use pay by bank for one one-off repayments, letting them repay directly from their bank account with a few taps. Zilch is also using Plaid’s Virtual Account capabilities to bolster its payment operations with things like “improved settlement tracking and built-in refund functionality,” the release added.
“The figure dwarfs every other reason consumers cite for not trying the service, including worries about entering banking information online or a preference for debit cards.”
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