Your bank credentials are sent through Plaid to your bank or credit card provider. Plaid then sends back an encrypted read-only token to us. This keeps your data secure, and your subscription list up-to-date.
It provides connection to more than 15,000 financial institutions across the U.S., Canada and Europe. Thus your recurring payments are identified, imported and syncronized to your dashboard.
Plaid open banking platform satisfies PSD2 regulations — EU legislation that enforces strong security for customer payment services. It uses bank Level 256-bit SSL encryption protocol.