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Venmo and PNC Bank square off with Plaid caught in middle

4 pointsby coachtrotzover 5 years ago

1 comment

coachtrotzover 5 years ago
PNC Bank says that this is the cause of new security procedures which have the effect of limiting Plaid&#x27;s ability to verify customer Routing and Account numbers.<p>While I&#x27;m not a customer of PNC I think this is actually a good position for PNC to take - there is a ton of ambiguity in the data that Plaid collects on customers who may only think they&#x27;re verifying their account for an ACH transaction.<p>Plaid&#x27;s business in not necessarily deceptive but it is far from clear to the end user about the extent of their data collection.