• ClearBank will provide Plaid's customers with virtual accounts and regulated payments infrastructure, enabling faster, more reliable Pay by Bank experiences for UK businesses and consumers.  

ClearBank, the enabler of real-time clearing and embedded banking, today announces a channel partnership with Plaid, a data network that serves as the analytics layer for financial services. This collaboration will deliver faster, more secure, and frictionless Pay by Bank experiences for businesses and consumers across the UK. 

For Plaid's customers, this means simplified sending, receiving and reconciling of open banking payments via ClearBank’s virtual accounts and direct access to the UK Faster Payments Service (FPS). This makes it easier for businesses to match incoming payments to individual users or transactions, improving reconciliation and reducing manual effort. And with ClearBank’s real-time, cloud-native infrastructure, Plaid can offer faster, more reliable pay-ins and payouts to help companies deliver better checkout and account-funding experiences. 

Consumers will benefit from faster, more predictable bank payments, powered by ClearBank’s regulated infrastructure. Whether making payouts or moving money between accounts, users benefit from a more seamless, secure experience.