Journal|||Behind The Scenes

Expanding our Partnership with Plaid

Image of Pranav Deshpande
Pranav DeshpandePMM

We’re excited to share that Modern Treasury is joining the Plaid Payment Partner Ecosystem. This represents a meaningful expansion of our existing partnership with Plaid, which has provided businesses like Outdoorsy with an improved, secure, and streamlined way to manage payment operations.

Plaid helps companies access and verify bank account information. One way to think of this is that Plaid allows their customers to read bank account and transaction data. Modern Treasury helps companies manage payment operations, including initiating and processing payments from corporate accounts they control. This can be thought of as generating payments data (or “write”).

Together, Plaid and Modern Treasury allow customers to move money powerfully and safely. There’s a dramatic increase in value by having both sets of functionality together. For example, you could check account balances before debiting funds, or automatically confirm that a payment showed up in a counterparty’s account.

To learn more about using Modern Treasury and Plaid together, check out this developer guide. If you’d like to learn more about using Modern Treasury and Plaid for your use case, get in touch.

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