VoPay + Plaid Payments: Faster, Safer And Smarter Bank Account Payments
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.
Supported by over 12,000 Financial Institutions across North America
Supported by over 12,000 Financial Institutions across North America
Intelligent Payment Technology
Offer powerful end-to-end payment processing solutions including Open Banking technology, bank account verification, risk intelligence and real-time bank account payments.
- Access multi-channel payment rails and virtual bank accounts
- Bank account authentication and validation of available funds
- Eliminate tedious paper processing with automated AR/AP and reporting tools
VoPay Customers Can Utilize Plaid APIs For Instant Authentication & Payment Initiation
How it Works
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.
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A Simple User Experience Customizable To Your Brand
Consumers can pay for goods and services online and “on the go” directly from their bank account in a few easy steps:
Access Multi-Channel Payment Rails
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.
Send Payments
e-Transfer Bulk Payouts
Push to Card
Real-Time Payouts
EFT Credits
ACH Credits
Manage Transactions
Recurring Payments
Bulk File Uploads
Bank Account Verification Tools
Transaction Visibility
Secure Tokenization
Advanced Reporting
Automatic Reconconciliation
Accounting Integrations
ERP Integrations
Real-Time Transaction Reports
Webhook Notifications
Maximize Payment Security With Tokenization And Avoid Storing Sensitive Data
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.
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Plaid + VoPay Industry Use Cases
Some of the most common use cases and benefits include:
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Lending
Access bank account authentication and real-time loan payments with a single unified solution.
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Real Estate
Embed revoluntionary payment experiences into your existing technology, add new revenue streams and access a range of payment solutions.
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Market Places
Offer tenants multiple ways to pay, migitate risk with data intelligence and encrypted tokenization.
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Crowdfunding
Improve payment security through verified users and offer multiple data-driven payment rails for marketplace users.
Existing Plaid Clients
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 to know the VoPay API
Get access to our developer friendly API and get a feel for how our payment solutions work.
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Talk with our sales team
We are happy to answer your questions. Fill out the form and we will have one of our team members contact you.