Plaid launches Income to help customers verify their payroll data

Friday 5 March 2021 12:23 CET | News

Plaid has announced the release of Income, a beta product that helps people digitally verify their income straight from their payroll provider. 

With Plaid Income, financial institutions can receive and digest a person’s permissioned income, tax, and employment data to make more informed decisions. Plaid Income covers a range of applicants, including full-time and part-time employees, freelancers, and gig economy workers.

Income is the second platform Plaid will use in its payroll operations, the first being Deposit Switch; Deposit Switch begins the process of switching a customer’s direct deposit to their bank account.

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Keywords: fintech, data, product launch
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: World
This article is part of category

Banking & Fintech