Plaid Announces New API Partnership With Railsbank
Plaid announced on Thursday it has joined forces with
Railsbank. Plaid reported that through the new partnership, Railsbank customers in the UK will have access to Plaid’s
Payment Initiation API to accept instant bank payments directly within their app or website.
Plaid reported that with the API, Railsbank customers may enable instant account-to-account transfer and create “innovative” payment journeys.
“As a result of the partnership, Railsbank customers have all the benefits of Plaid’s PIS product, without having to onboard with two separate service providers.”
Plaid further revealed the partnership offers added benefits to customers like increased conversion and “higher confidence” through instant confirmation of a payment’s status.