- The DoJ asserted that, while Plaid is still undeveloped, it could eventually present a threat to Visa’s market dominance.
- Plaid provides the payments platform undergirding many services such as Venmo. While it does not currently offer an online-debit platform, merchants agree that its protocols could have eventually replaced the current system.
- Visa’s CEO and Chairman Al Kelly asserted that the companies would have eventually fought off the suit.
- From Twitter: Self-proclaimed payments geek Tom Noyes thinks the decision to jump ship is good for Visa. Check out his thread explaining why here.