Plaid gets in on A2A momentum with bill pay solution

The news: Plaid rolled out Pay by Bank for Bill Pay, per a press release. The open banking-powered solution lets customers pay businesses with account-account (A2A) payments.

• Pay by Bank for Bill Pay can act as a standalone solution or integrate with clients’ existing payment processors like Nuvei or Adyen.
• Businesses across the telecom, insurance, auto, and property management industries are already using the solution.

A2A payments are having a moment: More and more payment providers are boosting their A2A payment capabilities for both businesses and consumers.