211–220 of 263 posts
Earlier quoted context omitted.
It's unlikely Stripe has access to any APIs that Plaid doesn't also have access to.
We've found that Plaid only leverages around 3-4 Direct API connections for some reason, why other aggregators like MX, Finicity, Yodlee all have 10+. It seems suspect to me because Plaid doesn't seem to be prioritizing the protection of user credentials the same way others are.
This specifically is such a dig against plaid’s obfuscated permissions model.
“ Before linking an account, users can see: What types of data they’re sharing Who can access their data How to disconnect an account
Earlier quoted context omitted.
In case tweet disappears: > Wow! Jay, you took interviews with Plaid & asked probing questions multiple times over the past few years, and your team sent repeated RFP's (under NDA!) to us asking for tons of detailed data. I wish y'all the best with these products, but surprising to see the methods.
And a rebuttal from Jay Shah (the accused) claiming that this isn't true: https://pbs.twimg.com/media/FR8FjJ9VsAAMY_k?format=jpg&name=... > Zach, sorry you feel this way, but this isn’t true and I think you know that. You reached out to me repeatedly—I never reached out to you for information. Stripe did an RFP because we work with partners for this product, and we had hoped to include Plaid.
Earlier quoted context omitted.
Creating a throwaway for this (potentially valid) criticism destroys any credibility you may have.
fair criticism. My points remain. Having talked to Plaid's sales team, not bad people. I just don't trust providers that openly talk poorly of competitors and plaids sales team did that and the CEO of the company is doing it in public.
It read like conjecture at best, and inaccurate information at worst.
Plaid CEO has some words for Stripe: https://twitter.com/zachperret/status/1521898404061716480
EDIT: The accused person has denied these allegations, claiming that Plaid reached out to Stripe (not the other way around) and that the RFPs were because Stripe invited Plaid to be part of the product: https://pbs.twimg.com/media/FR8FjJ9VsAAMY_k?format=jpg&name=... > Wow! Jay, you took interviews with Plaid & asked probing questions multiple times over the past few years, and your team sent repeated RFP's (under NDA…
In my view, ethics go out the window when the mantra is to eat the world. The kind of ultra-fast, ultra-huge growth that Stripes pitches to investors and also to its employees comes at great cost. We've seen this with prior tech giants like Facebook, Microsoft and Google who also invested heavily into developer PR.
Earlier quoted context omitted.
And a rebuttal from Jay Shah (the accused) claiming that this isn't true: https://pbs.twimg.com/media/FR8FjJ9VsAAMY_k?format=jpg&name=... > Zach, sorry you feel this way, but this isn’t true and I think you know that. You reached out to me repeatedly—I never reached out to you for information. Stripe did an RFP because we work with partners for this product, and we had hoped to include Plaid.
Based on my experience interviewing with Stripe a few years ago, I wouldn't doubt that Stripe is capable of the kind of behavior they are accused of.
A couple years ago Stripe reached out to me saying they like my background and that they want to discuss potential roles. I was working on a payments product at a FAANG company at that moment and was starting to think it’s time to do something else. So I said I am interested. Stripe scheduled an interview with Q… J… (Eng Director at Stripe). After a few generic questions about my past experiences, Stripe’s Q… J… asked a series of very specific questions about vendors/partners, API integration details, txn costs, etc. at my current company. I politely declined to answer these questions citing my employment agreement and NDA. I never heard back from Stripe again.
Edit: fix autocorrect
Welcome to the USA. Rather then adopt something like OpenBanking, it's now a walled garden for-pay service from a valley startup. https://developer.barclays.com/open-banking
I honestly can't believe that there's enough people dumb enough to give their bank username/password combo to strangers to make services like this work. Nope nope nope. As a user, I'd never use any service that is plaid based, I don't even care that "they have proper api access now". Even though I've been fan of other stripe offerings I'd never use this either. It's beyond shady. Friends don't let friends give out th…
[]
If Stripe knows how to pay developers appropriate salaries (this is the under-discussed reason for SV companies being the only ones who can make good APIs - BoA is never going to pay their web team more than they pay their web team's department head, that is not possible for their culture) to develop appropriate interfaces on things, then more power to them if they can do very simple things to profit in the context o…