Placid Express fights the friction, fees, and fraud of digital remittance

Placid Express has successfully integrated digital remittance services with built-in security features, reducing fees traditionally associated with credit cards. The company leveraged Plaid's Auth and Identity products to quickly verify bank details and account ownership, while using Balance to minimize non-sufficient funds fees. This integration has led to significant improvements in approval rates, chargeback reduction, and customer service queries, enabling Placid Express to expand its online transfer business with enhanced security and audience experience.