
Currently, Plaid has 40 employees in its London and Amsterdam offices with 10 more employees located internationally.
Plaid provides companies the tools and access needed for the development of a digitally-enabled financial system.
Plaid is a financial technology company based in San Francisco. The company builds a technology platform, which enables applications to connect with users’ bank accounts. Plaid focuses on enabling consumers and businesses to interact with their bank accounts, check balances, and make payments through financial technology applications.
Currently, Plaid has 40 employees in its London and Amsterdam offices with 10 more employees located internationally.
The DOJ claimed that Visa is enjoying a monopoly on the online debit business, charging exuberant fees from both merchants and consumers to process online payments, which brings them billions of dollars in fees each year.
The attorneys representing the Justice Department said that a successful acquisition would extend Visa’s “monopoly” in the payments industry.