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.
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Plaid Details
Operating Status:Active
Business TypePrivate
HeadquartersSan Francisco, California, United States
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.
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