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Plaid would be one of the worst companies to compare yourself to for privacy compliance.
by bernf 4y ago
Plaid would be one of the worst companies to compare yourself to for privacy compliance.
- dheera 4y agoYep, I refuse to use Plaid. It should be downright illegal for a third party to ask for a bank password.
- willio58 4y agoWe can blame plaid all day but the banks are the ones that created a need for a third party in the first place. How banks didn’t come together and create a more secure and planned version of plaid themselves shows the technical incompetency of the leaders of those banks.
- dheera 4y agoI'm perfectly happy with the existing system of verifying deposits, I don't consider disclosing passwords to be an acceptable solution to a problem that doesn't exist.
- willio58 4y agoThe issue with that is waiting 2-3 days for the initial funds transfer to go through, maybe more if it’s a banking holiday. We live in a world where you can get 2 day delivery of most goods. The fact that it takes 2-3 days to even initiate a bank transfer using the old method is just silly
- dheera 4y agoThey could make bank transfers instant, instead of resorting to sharing passwords. Sharing passwords is a universally bad practice and has been for decades.
- willio58 4y agoI would love this! It could put plaid and Venmo out of business, but for some reason the banks haven’t done this. Again why I say this is the banks’ fault.