Question:
- How does Clio authenticate banking information for taking eCheck Payments through Clio Payments?
Environment:
- Plaid
- Clio Manage
Additional Information:
- For more information on Plaid, please visit: www.plaid.com
Answer:
Clio uses Plaid to securely authenticate client bank account information when making an eCheck payment through Clio Payments.
Companies like Venmo, Stripe, and World Remit trust Plaid to connect to over 11,000 financial institutions to make it easy to pay bills from a personal bank account. Plaid encrypts and securely transfers data from your financial institution to process the payment, making it more convenient than writing a check and safer than manually entering a routing number and bank account information.