Our partnership with Plaid allows clients who wish to integrate directly with Plaid to use their integration in conjunction with VoPay and take advantage of our open finance payment service.
We’ve layered Plaid’s data over top of our core payment engine to deliver the most powerful API based EFT [Canada only] and ACH [US only] payments solution in the market.
Offer powerful end-to-end payment processing solutions including Open Banking technology, bank account verification, risk intelligence and real-time bank account payments.
With VoPay’s API, users can initiate bank account payments via a single implementation. VoPay’s solution supports the full cycle of money movement for growing businesses, including payment initiation, approvals, monitoring, and reconciliation. Utilizing VoPay + Plaid enables a seamless workflow for sending and receiving payments.
For clients with an existing integration with Plaid or who plan to use the Plaid APIs directly, it is recommended that you use the processor token workflow.Schedule a Demo
Consumers can pay for goods and services online and “on the go” directly from their bank account in a few easy steps:
Lenders can manage the full cycle of money movement from payment and approvals to reconciliation and accounting in a fully integrated, automated and transparent way.
A VoPay generated token is returned each time by a merchant when the user initiates a payment. VoPay then validates the balance and account status instantly and initiates the transaction if the required criteria is met. You no longer have to worry about storing any payment data on your system.view api docs
Some of the most common use cases and benefits include:
Access bank account authentication and real-time loan payments with a single unified solution.
Embed revoluntionary payment experiences into your existing technology, add new revenue streams and access a range of payment solutions.
Offer tenants multiple ways to pay, migitate risk with data intelligence and encrypted tokenization.
Improve payment security through verified users and offer multiple data-driven payment rails for marketplace users.
Take advantage of your existing data integration with Plaid by leveraging your data tokens and have your users skip all the authorization access and bank account selection steps, streamlining the payment check out experience. You’ll need to sync your data aggregator account with VoPay to enable this.
Get access to our developer friendly API and get a feel for how our payment solutions work.
We are happy to answer your questions. Fill out the form and we will have one of our team members contact you.