Plaid has introduced Transfer for Platforms, a solution designed to streamline bank payments for vertical SaaS platforms serving small and mid-market customers. This new offering integrates seamless bill payments directly into products, enhancing user experience with API-driven onboarding, real-time risk management, and multi-rail money movement, including ACH and RTP. Transfer for Platforms aims to reduce payment complexity, lower costs, and increase efficiency, with features like built-in balance checks, configurable fund tracking, and a unified dashboard for comprehensive visibility and control. By enabling faster onboarding and reducing payment costs by up to 40% compared to cards, Plaid's solution turns payments into a growth engine, allowing platforms to monetize beyond subscriptions and improve customer retention. Customers such as AdminiPay have experienced significant reductions in onboarding time and processing costs, demonstrating the solution's impact on operational efficiency and customer satisfaction.