PayJunction Integrates with Plaid to Simplify Bank Payment

PayJunction, a leading developer of payment processing technology, announced an integration with Plaid, a consumer-permissioned network powering the digital financial ecosystem to simplify bank payments, enabling PayJunction customers and partners to deliver a better pay-by-bank experience.

Integrating Plaid's account-to-account (A2A) bank connectivity technology with PayJunction's payment gateway will allow B2B and B2C businesses to extend to their customers a simple way to pay for goods and services via direct bank transfer, whether online or via invoicing. 

"PayJunction's data-driven focus on continual innovation helps our customers simplify omnichannel payment acceptance," said Randy Modos, president, PayJunction. "ACH is a proven, cost-effective payment method, and this partnership with Plaid makes it faster and easier for customers to set up secure bank payments."

"We welcome PayJunction into our global partner ecosystem and look forward to reaching a new audience of users," said Tamara Romanek, head of partnership, Plaid. "The combination of Plaid's bank connectivity technology and PayJunction's gateway can save businesses significant time and money, while giving people more flexibility in how they pay for goods and services using funds from their bank account."

Through this partnership, Plaid's connectivity technology is available to businesses that use PayJunction's turnkey Virtual Terminal and gateway solution. Additionally, businesses and software companies can integrate these features with their software via a simple plug-in using PayJunction's API and developer tools.