As the scope and use of financial technology grows, so do consumer concerns surrounding privacy and security. In fact, some of our most common user questions are about how we protect personal data provided to us through our app. So, we’d like to introduce you to one of our technology partners to better explain how we keep your information safe and secure.
What is Plaid?
Plaid is a technology platform and financial service provider. Plaid allows us to obtain information from your online banking and transmit that information back to our app. This is essential for using the Prepaid2Cash app, as it allows us to verify your identity and deposit cashed out gift card funds directly into your bank account.
How Does Plaid Work?
There are two ways to add your bank information to your Prepaid2Cash account:
- You can manually enter your bank account information into the Prepaid2Cash app or
- Select “Connect Bank Account” to use Plaid to securely enter your online banking credentials. This will connect the bank account to your Prepaid2Cash account.
Connecting your bank account through Plaid ensures that your bank information is correct. This also guarantees that you will receive your payments without unnecessary delays due to incorrect bank account information. When you link your bank account to Prepaid2Cash using Plaid, Plaid encrypts the connection end-to-end. Because of this, Prepaid2Cash never has access to your credentials.
Still Unsure About Security?
There are several major players in the world of finance who also partner with Plaid. If you’ve ever used Venmo, American Express banking, Acorns, or Coinbase, you’ve likely already used Plaid without even knowing. With heavy-hitting partners like these, we know we can trust Plaid to continue to deliver on top-notch security packaged in a seamless, easy to use interface for users.
We take our users’ privacy very seriously. As an excellent industry partner, we trust Plaid help us ensure data security. Keeping our users’ information safe and secure is paramount to us. Check out Plaid to learn more about how they work and the services they offer. They even have an entire email dedicated to answering consumer questions about their product’s security. But the very best way to learn about how their products work is to download the Prepaid2Cash app today and try it out for yourself!