161–170 of 333 posts
But here's my bigger bet. Using this, VISA will launch a competitor to FICO.
Plaid is terrible! Both Wells Fargo and Bank of America support API integration, but Plaid chooses to screen-scrape and does not work if you have 2FA enabled. Also, you can't even manually enter your bank information. In other words, even if you pay dearly to Plaid, you may block many users who use some of the top banks in the States! There is a bunch of services I cannot use because they rely solely on Plaid, and I'…
I've also seen online mortgage applications ask for banking and retirement account passwords for the purpose of automated form-filling. It seems very shortsighted to give away your password to save 5 minutes filling out a form.
The nightmare scenario is that you give your bank account password to one of these screen scraping services, someone manages to hack them and empties your account, and you can't get the money back because giving away your password violates the terms of service for your online banking.
Plaid is terrible! Both Wells Fargo and Bank of America support API integration, but Plaid chooses to screen-scrape and does not work if you have 2FA enabled. Also, you can't even manually enter your bank information. In other words, even if you pay dearly to Plaid, you may block many users who use some of the top banks in the States! There is a bunch of services I cannot use because they rely solely on Plaid, and I'…
pretty sure this is false, all my accounts are 2FA, and connected to a few different account aggregators (mint, personalcapital, etc) which i am prettty sure all use Plaid. Handles it fine.
Plaid is terrible! Both Wells Fargo and Bank of America support API integration, but Plaid chooses to screen-scrape and does not work if you have 2FA enabled. Also, you can't even manually enter your bank information. In other words, even if you pay dearly to Plaid, you may block many users who use some of the top banks in the States! There is a bunch of services I cannot use because they rely solely on Plaid, and I'…
Not even close to true. We’re one of the larger clients with Plaid and that’s not on Plaid but the service provider to not provide a manual entry. Plaid works great and we’ve ran into next to no issues with customers linking Plaid
Plaid is terrible! Both Wells Fargo and Bank of America support API integration, but Plaid chooses to screen-scrape and does not work if you have 2FA enabled. Also, you can't even manually enter your bank information. In other words, even if you pay dearly to Plaid, you may block many users who use some of the top banks in the States! There is a bunch of services I cannot use because they rely solely on Plaid, and I'…
The way Plaid works, I'm surprised that they hadn't already been shut down for breaking banks' TOS. It exposes the banks to so much liability for a product that's not even theirs.
Plaid is terrible! Both Wells Fargo and Bank of America support API integration, but Plaid chooses to screen-scrape and does not work if you have 2FA enabled. Also, you can't even manually enter your bank information. In other words, even if you pay dearly to Plaid, you may block many users who use some of the top banks in the States! There is a bunch of services I cannot use because they rely solely on Plaid, and I'…
This is why I never wanted to use Mint, although maybe Mint is better about this now. I've also seen online mortgage applications ask for banking and retirement account passwords for the purpose of automated form-filling. It seems very shortsighted to give away your password to save 5 minutes filling out a form. The nightmare scenario is that you give your bank account password to one of these screen scraping service…
Earlier quoted context omitted.
My Wells Fargo account uses 2FA, and recently (November 2019) I was unable to connect a service to it through Plaid, getting an error that said my account type was not supported – or something along those lines. They may have fixed it by now, I haven't tried more recently.
You can remove 2FA, login with Plaid, and re add it. This worked for me.
Slightly off topic, but worth highlighting. Privacy virtual card use Plaid (well at least the last time I looked at it a few months back). The integration was extremely questionable. They were faking the bank’s login page. So when you enter your credentials, it wasn’t the actual banks page. There was a github issue opened, and after several followed up complaints they blocked further commenting and the removed then t…
Do you have a link to thread in question?
Earlier quoted context omitted.
You can remove 2FA, login with Plaid, and re add it. This worked for me.
I'm already uneasy with the way Plaid works, I'm not also going to disable 2FA on my account to accommodate the broken way they access accounts (pretending to be a browser instead of using APIs). There are good, secure ways to grant access to resources, and giving your password to Plaid for them to log in to your account with reduced security is definitely not one of them and certainly not an attractive proposition.
(source:https://www.teamblind.com/post/Plaid-acquired-by-Visa-for-5B...)