Riskified Partners With Plaid To Enhance Risk Protection For ACH Bank Payments
Portfolio Pulse from Benzinga Newsdesk
Riskified (NYSE:RSKD), an ecommerce fraud and risk intelligence company, has announced a partnership with Plaid, a data network for the digital financial ecosystem. The partnership aims to enhance ACH (Automatic Clearing House) payment protection against fraud and insufficient funds. The integration will improve Riskified's existing ACH protection capability and complement Plaid's Signal offering, a transaction risk scoring engine. ACH transactions have seen a growth of $1 trillion in 2022, marking the tenth consecutive year of growth.
October 23, 2023 | 3:01 pm
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Riskified's partnership with Plaid to enhance ACH payment protection could potentially increase its market share and customer base.
The partnership with Plaid could enhance Riskified's ACH protection capability, potentially attracting more customers and increasing its market share. The growth in ACH transactions also presents a significant opportunity for Riskified.
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