Justice Department Sues to Block Visa's Proposed Acquisition of Plaid
Plaid is more of a monopoly than Visa is.Plaid is literally the only way to do ACH without microdeposit verification. There is no reason Plaid should have a monopoly on this. If banks opened up APIs for bank account verification, then anyone could compete with Plaid.As usual the Justice Department doesn't know what they're talking about.