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Visa Buys Plaid

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Re: Visa Buys Plaid

#311

Post by pragmaticpirate »

gimmeThaBeet wrote: post #34
tempsy wrote: post #16

Earlier quoted context omitted.

> No offense to Visa, but I don't think of them as the most innovative organization Visa is a $434B company. I guess "innovative" is subjective but their valuation trajectory has looked like a high growth tech co over the past 5 years.

That's kind of a weird thing, like my mental picture of Visa is indeed that they're a bit stodgy and behind the times. But then the other part of me says that I clearly have no clue what I'm talking about, there's basically no chance they could stay relevant this long without being on top of it at some meaningful level. And potential quasi monopoly status doesn't quite capture it. So much of finance has been disrupte…

their unfair advantage is being a front from selling data pipelines to hedge funds.

Re: Visa Buys Plaid

#316

Post by compuguy »

nikolay wrote: post #48

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'm not a fan of how Plaid works either, but short of pushing for legislation mandating API for all banks, I doubt it will happen in the short term...

Re: Visa Buys Plaid

#317

Post by compuguy »

tempsy wrote: post #12

Have to say I'm not a fan of Plaid at all. Dark patterns galore. Absolutely no indication when you go through a Plaid flow that you're likely giving away much more than just the bare minimum account numbers to push money in/out of your bank account. Often, you're also giving away transaction data, identity, real-time balance, etc. There's no way to know prior to linking your account. I had high hopes that would have…

As long as banks have no incentive or are forced to provide API's, I doubt this will change...

Re: Visa Buys Plaid

#318

Post by nikolay »

Dirlewanger wrote: post #286
nikolay wrote: post #48

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'…

Plaid's better than using Finicity, which is even worse.

What's funny is that I can link accounts with Betterment, which uses Quovo, which got acquired by Plaid, but I can't with Plaid itself!

Re: Visa Buys Plaid

#319

Post by dmoy »

cookiecaper wrote: post #148
dmoy wrote: post #140

Earlier quoted context omitted.

There are fewer than 10 states that don't tax capital gains at the same rate as ordinary income. Most states tax capital gains at the same rate as ordinary income. And then 10 states don't tax income at all.

Sounds like a great reason to relocate to a state that is more reasonable about income taxes than CA.

imo the cap gains treatment from CA is pretty normal compared to the majority of states.

The part where CA chases your stock grants/options for years after you leave the state is a bit less reasonable to me. (But I'd guess some other states do the same)

Re: Visa Buys Plaid

#320

Post by thenewnewguy »

nikolay wrote: post #308
thenewnewguy wrote: post #272

Earlier quoted context omitted.

Are you trying to use a business account or something? Otherwise I have no clue.

I have both a personal and a business account, but the login is the same, and they fail at the login level, not after I'm authenticated. One cannot tell what sort of accounts are behind the account before you successfully log in.

I have no idea then, it's worked for me in the past - Plaid asks me to give them the 2FA auth code I receive via text.
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