Financial-technology startup Plaid is making a move into the payments business, less than a year after an antitrust lawsuit scuttled its sale to Visa
Galileo unit. Those companies would then give their customers a pay-by-bank option alongside other payment methods, such as credit or debit cards.
The payments push is one of Plaid’s bigger bets since its $5.3 billion sale to Visa was called off in January.to prevent the acquisition from moving ahead. Prosecutors learned that Plaid planned to launch a payments service by the end of 2021 and argued in a lawsuit that Visa was buying the company to extinguish a would-be rival to its online debit service.
Plaid views its new program as a complement rather than a competitor to credit- and debit-card networks like Visa, said Paul Williamson, Plaid’s head of revenue. Through Plaid and its partners, consumers and businesses could use their bank accounts for transactions that don’t typically involve credit or debit cards, such as remittances or invoice payments.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Djokovic’s Chance To Defend Australian Open Title In Question As Host State Warns Unvaccinated Players May Not Receive VisaTennis players who have not received a Covid-19 vaccine will not be allowed to enter Melbourne next year to participate in the 2022 Australian Open tournament, a move that could jeopardize the title defense of men’s singles no. 1 Novak Djokovic
Lire la suite »
WSJ News Exclusive | Cushman & Wakefield to Buy 40% Stake in Greystone Multifamily Business for $500 MillionThe commercial real estate services giant has agreed to pay $500 million for a 40% stake in the rental apartment lending and loan servicing business owned by Greystone, the latest sign of the strength of the rental apartment industry.
Lire la suite »
WSJ News Exclusive | RV Capital of America Tops WSJ/Realtor.com Housing Index in Third QuarterElkhart, Ind., topped the housing index this quarter, as high housing costs and remote-work opportunities drive many home buyers to seek out more living and outdoor space.
Lire la suite »
WSJ News Exclusive | Amherst College Drops Admissions Advantage for Children of AlumniAmherst College is abandoning its policy of giving preference to applicants whose parents attended the Massachusetts liberal-arts school, placing it among the first elite private colleges to ditch legacy admissions
Lire la suite »
WSJ News Exclusive | Exxon Debates Abandoning Some of Its Biggest Oil and Gas ProjectsMembers of the company’s remade board of directors are questioning several major investments as the company reconsiders its investment strategy in a fast-changing energy landscape.
Lire la suite »