11–20 of 295 posts
Whatever you think about Visa or this merger, this would be a major disappoint to Plaid's team members who thought they were in for a huge financial windfall. If that applies to anyone here, my sympathies and best of luck figuring out what's next for Plaid. Hopefully the morale hit isn't too big on the team.
This was clearly going to be anti competitive and bad for consumers.
Plaid has a great product and will either spac / ipo or be a great acquisition target for someone else.
I'm surprised by this. I used to work in Foster City. The joke on the campus was that VISA stood for "Very Inconspicuous Spy Agency". You'd think that there wouldn't be this kind of miscommunication in the chain of command. All jokes aside, I'm very curious to check out Plaid now because I didn't pay attention when it was independent and Visa is a *very* smart organization, so Plaid must be something special.
Pretty wild it even exists
Whatever you think about Visa or this merger, this would be a major disappoint to Plaid's team members who thought they were in for a huge financial windfall. If that applies to anyone here, my sympathies and best of luck figuring out what's next for Plaid. Hopefully the morale hit isn't too big on the team.
I'm surprised by this. I used to work in Foster City. The joke on the campus was that VISA stood for "Very Inconspicuous Spy Agency". You'd think that there wouldn't be this kind of miscommunication in the chain of command. All jokes aside, I'm very curious to check out Plaid now because I didn't pay attention when it was independent and Visa is a *very* smart organization, so Plaid must be something special.
It’s like oauth except you type your password for site A into a box on site B’s domain Pretty wild it even exists
Europe mandated this functionality (PSD2) [3]. With instant payments and if regulations required banks to offer this functionality, Plaid's value would evaporate.
[1] https://www.frbservices.org/financial-services/fednow/index....
[2] https://www.paymentsjournal.com/timeline-the-feds-real-time-...
[3] https://en.wikipedia.org/wiki/Payment_Services_Directive
I'm surprised by this. I used to work in Foster City. The joke on the campus was that VISA stood for "Very Inconspicuous Spy Agency". You'd think that there wouldn't be this kind of miscommunication in the chain of command. All jokes aside, I'm very curious to check out Plaid now because I didn't pay attention when it was independent and Visa is a *very* smart organization, so Plaid must be something special.
It's not so much that Plaid is "something special" but that US banks are stuck in the 1950's technologically.
Plaid shouldn't exist. It only exists because banks refuse to create open APIs for others to integrate with.
With that said, Plaid has done a fantastic job.