Plaid Says Better Approvals Beat Costly Recoveries

Watch more: Need to Know With Plaid’s Shaffer Bond Fraud has traditionally been treated as a problem to investigate after money has moved. That approach is becoming harder to sustain as faster payment systems compress settlement times and reduce opportunities to reverse transactions. For many finance organizations, the more valuable question is no longer how quickly a failed payment can be recovered, but whether the payment should have been approved in the first place.