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Plaid Launches in France, Spain, and Ireland

blog.plaid.com

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Re: Plaid Launches in France, Spain, and Ireland

#51

Post by franciscop »

The Spanish translation is awkward. Not the level of Google Translate, but still not looking native. This will make many people not trust it with their bank credentials IMHO.

"Esta aplicación usa Plaid para conectar su banco"

This is missing a connector like:

"Esta aplicación usa Plaid para conectar a su banco"

Or change the whole sentence:

"Plaid se conecta a su banco con esta aplicación"

"Plaid se quiere a vincular a su banco" (if "Plaid" and "this application" are the same)

And of course, everything still sounds way too formal and old-school. Looking at the English site, it's clear it wants to transmit a young startup vibe. But the Spanish version sounds like an old boring bank app more than a young useful one. Either it's been translated by non-natives, or translated very individual sentences without context, or by someone in Latin-America (the Spanish over South America in general is a lot more formal sounding for Spaniards).

Re: Plaid Launches in France, Spain, and Ireland

#52

Post by roberson87 »

niij wrote: post #33
roberson87 wrote: post #26

Earlier quoted context omitted.

I would rather have entered my logins and then changed the password if I was that concerned about entering my bank logins rather than pay those credit card fees. Or change the password first, login, and change back to your old password.

They can pull all go your transactions in that time, changing your password after is still too late.

If you're happy to hand out your credit card details to Plaid and trust them enough to properly secure it, personally I wouldn't be concerned about them flagrantly and illegally retrieving my past transactions. There is no such thing as trust less financial services that deal with fiat currency.

Re: Plaid Launches in France, Spain, and Ireland

#53

Post by billfruit »

sitharus wrote: post #49
whitepoplar wrote: post #36

Something I've always worried about: if I provide my bank's login credentials to a service which uses Plaid/Yodlee and due to a security breach my bank account is somehow drained, who's liable? Most banks explicitly state that losses due to sharing of credentials are not protected by their fraud guarantees. Are customers at risk by using Plaid?

My bank has explicitly told me that using Pliad/Yodlee violates their T&Cs and voids their entire online fraud protection, regardless of if one of those services is at fault.

Then Plaid needs to be upfront about this, and not bury it in their own small print.

Re: Plaid Launches in France, Spain, and Ireland

#54

Post by billfruit »

I am kind of suspicious of Plaid stage managing their coverage on HN. I've had a Plaid employee recommend Plaid to me on a comment on a different finance related thread. If it was recommending a tool or utility it would have been fine,but recommending a paid service of your employer looks very close to commercial solicitation.

Re: Plaid Launches in France, Spain, and Ireland

#55

Post by sbmthakur »

sitharus wrote: post #49
whitepoplar wrote: post #36

Something I've always worried about: if I provide my bank's login credentials to a service which uses Plaid/Yodlee and due to a security breach my bank account is somehow drained, who's liable? Most banks explicitly state that losses due to sharing of credentials are not protected by their fraud guarantees. Are customers at risk by using Plaid?

My bank has explicitly told me that using Pliad/Yodlee violates their T&Cs and voids their entire online fraud protection, regardless of if one of those services is at fault.

Which bank is this, if I may ask?

Most of the popular Financial Institutions seem to be on board with Plaid.

Re: Plaid Launches in France, Spain, and Ireland

#56

Post by aiCeivi9 »

JonoBB wrote: post #47
whitepoplar wrote: post #36

Something I've always worried about: if I provide my bank's login credentials to a service which uses Plaid/Yodlee and due to a security breach my bank account is somehow drained, who's liable? Most banks explicitly state that losses due to sharing of credentials are not protected by their fraud guarantees. Are customers at risk by using Plaid?

Not in the EU anymore due to PSD2

Is Plaid using AIS?

Re: Plaid Launches in France, Spain, and Ireland

#58

Post by jillio »

whitepoplar wrote: post #46
willy_ph wrote: post #45

Earlier quoted context omitted.

You're likely on the hook for the losses having shared your creds. May obviously vary from FI to FI.

If that's the case, why aren't FI's going after Plaid for impersonating their branding/login screens? When you go to link an account in-app, for instance, there is no indication that you're using Plaid; you're presented with a login screen that matches your FI's color scheme + branding. In fact, it's even more on-brand than the FI's own login screens, sometimes!

[dead]

Re: Plaid Launches in France, Spain, and Ireland

#59

Post by niij »

roberson87 wrote: post #52
niij wrote: post #33

Earlier quoted context omitted.

They can pull all go your transactions in that time, changing your password after is still too late.

If you're happy to hand out your credit card details to Plaid and trust them enough to properly secure it, personally I wouldn't be concerned about them flagrantly and illegally retrieving my past transactions. There is no such thing as trust less financial services that deal with fiat currency.

A credit card number/CVV/Expiration Date allows you to make transactions, but doesn't give you transaction _history_. Online banking username/password do give you full transaction history. My point was that giving away username/password is a terrible idea from a privacy standpoint compared to entering your CC.

Re: Plaid Launches in France, Spain, and Ireland

#60

Post by jbarberu »

roberson87 wrote: post #52
niij wrote: post #33

Earlier quoted context omitted.

They can pull all go your transactions in that time, changing your password after is still too late.

If you're happy to hand out your credit card details to Plaid and trust them enough to properly secure it, personally I wouldn't be concerned about them flagrantly and illegally retrieving my past transactions. There is no such thing as trust less financial services that deal with fiat currency.

I don't trust Plaid to handle my credit card responsibly, that's why I'm handing them a credit card number instead of a debit card number. With a credit card I can do charge backs if I'm victim of fraud. If I give out my bank login details and someone empties my account, I'm pretty sure I'm in a quite a different position...
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