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> Plaid is not used when your bank integrates with Zelle, which most banks do Zelle is a trade name of Early Warning Systems, which maintains databases of what
by morpheuskafka 4y ago
> Plaid is not used when your bank integrates with Zelle, which most banks do
Zelle is a trade name of Early Warning Systems, which maintains databases of what you do in your bank account (checks paid and deposited, monthly balances, etc.). I would assume the banks that have native Zelle integration are required to become members and share this information anyway.
- toomuchtodo 4y agoEarly Warning Services is a consortium owned by the largest US banks themselves. https://www.earlywarning.com/about https://www.earlywarning.com/about If your threat model is that you don’t trust your bank with your deposit account balance and transaction history, that is hard to mitigate. I don’t necessarily trust my bank, but I do know what regulators to call for recourse when they misstep.