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Plaid has introduced a tool designed to help customers make smarter ACH-payment-related decisions. Some companies have built their own expertise in-house, turning to Plaid’s ACH risk model Signal for greater insights, while other teams simply want answers. The company’s Guaranteed Payments tool is designed for those teams - it is a “fully managed bank payments solution” that evaluates each transaction in real time and returns an approval almost instantly.
“ACH is the backbone of the digital economy and one of the most cost-effective ways to move money, growing 17% over the last five years,” Annie Gao, Plaid’s product marketing manager, wrote on the company’s blog Tuesday (May 19). “But running an ACH program comes with unique risks that brands need to manage.”
