Skip to main content
BLOG
  • Products

    Learn how you can make the most of financial data

    • Global coverage
    • AuthAccount and routing numbers
    • BalanceReal-time balance checks
    • IdentityBank account-holder information
    • TransactionsUp to 24 months of categorized data
    • AssetsPoint-in-time snapshots of users' finances
    • IncomeIncome and employment verification
    • InvestmentsRetirement, brokerage, and crypto data
    • LiabilitiesStudent loan, credit card, and mortgage data
    • Identity VerificationGlobal KYC and anti-fraud
    • MonitorAML and PEP screening
    • SignalACH Risk Assessment & Scoring
  • Use cases

    Learn how you can make the most of our products

    • Customer stories
    • Personal finances
    • Lending
    • Wealth
    • Open Finance
    • Consumer payments
    • Digital Banking
    • Business finances
  • Pricing
  • For developers

    Everything you need to integrate with Plaid and learn about our APIs

      GET STARTED
      • Quickstart
      • API documentation
      RESOURCES
      • Libraries
      • GitHub
    • About us

      Get to know the people behind the code and the mission behind the work

        GET STARTED
        • Company
        • Careers
        • Blog
        • Contact
        PRIVACY & SECURITY
        • Safety
        • How we handle data
        • Legal
      • For consumers

        Safely connect your accounts and control access to them

        • Trouble connecting?
        • Control access with Plaid Portal
        GET STARTED
        • How Plaid worksPlaid builds connections that enable you to securely share your data
        • Discover appsDiscover apps that are powered by Plaid
         
        • How we handle dataPlaid lets you securely share data from your financial institution with the apps you choose
        • Why is Plaid involved?Plaid powers the apps in your financial life
      Log in
      Get started
        • Auth
        • Balance
        • Identity
        • Transactions
        • Assets
        • Income
        • Investments
        • Liabilities
        • Identity Verification
        • Monitor
        • Signal
        • Global coverage
        • Personal finances
        • Lending
        • Wealth
        • Open Finance
        • Consumer payments
        • Digital Banking
        • Business finances
        • Customer stories
      • Pricing
        • Quickstart
        • API documentation
        • Libraries
        • GitHub
        • Company
        • Careers
        • Blog
        • Contact
        • Safety
        • How we handle data
        • Legal
        • How Plaid works
        • Discover apps
        • How we handle data
        • Why is Plaid involved?
        • Trouble connecting?
        • Control access with Plaid Portal
      • Log in
        Get started

      SHARE

      February 15, 2022

      Newsletter - February 2022

      Rubi Santoro

      In this month's newsletter, learn about numerous product highlights—including timestamps for transaction data, Plaid Portal’s general launch, and an additional entry point to the Manual Micro-Deposit (MMD) flow—as well as our approaching update to Plaid Link.


      Also note that on February 22, 2022, we updated our End User Privacy Policy and Privacy Statement, which you can view on Plaid.com/legal. We strive to always provide a simple and straightforward explanation of our policies and privacy practices. That’s why—in the meantime—we provided a preview of the updated terms.

      Product highlights

      New! Timestamps for transaction data

      Timestamps are now available as part of the datetime and authorized_datetime fields in the Transactions API response. With timestamps, you're able to show more granular insights on your PFM app, reward customers based on the time of their purchase, and calculate spending velocity. Timestamps are available for transactions from select financial institutions in the US and UK only.

      Plaid Portal US has exited beta and is now generally available 

      After being in public beta since 2020, Plaid Portal US is now generally available. An industry-leading tool, Portal aims to make it easy for people to view the financial accounts they’ve connected through Plaid and control which apps have access to that data. To learn more about Plaid’s ongoing commitment to consumer privacy as well as Plaid Portal, see our blog.

      “Link with account numbers” is now available in institution DOWN prompt for MMD customers

      We are now offering another entry point to the Manual Micro-Deposit (MMD) flow on the institution DOWN prompt for customers with Fallback Auth enabled. When the end user selects an institution that is not currently available via Instant Auth, they can link via MMD instead. This feature is rolled out to all Fallback Auth customers, meaning there’s no action needed from you. For more info, see our updated Manually Micro-Deposit doc.

      Proactive Vanguard and Fidelity connectivity Institution health messaging is now live

      If you initialize Link with Investments, customers choosing to connect Vanguard or Fidelity during the daily institution downtime windows (between 9-11AM ET and 3-5PM ET) will be informed of the connection’s temporary unavailability and of a preferable connection time.

      Exploring ways to improve transaction data categorization

      We’re exploring ways to enable you and your users to provide us with direct feedback on transaction categorization. This could include an override feature that changes the category for a transaction based on your specific use case. If you’re interested in this feature, take this brief survey to share your thoughts or send a note to transactions-feedback@plaid.com.

      Robust enrichment for your branded accounts

      You’ll soon be able to access Plaid’s robust categorization and enhancement system to normalize the data from the spending and banking accounts you offer. Clean, structured data provides the foundation for you to then build personalized insights that drive user engagement. If you’re interested in testing this new solution, reach out to transactions-feedback@plaid.com.

      Reminder: Upcoming update to Plaid Link

      The updated Account Select pane will automatically be included in Plaid Link beginning April 1. This update provides users with even more transparency and control over the accounts they share with you and Plaid. To learn more and to migrate before March 31, see our guide, watch this video, or attend this upcoming workshop on March 2.  

      Reminder: Upgrade to the latest Link SDKs

      To provide an optimal experience for your customers, upgrade to Android 3.7.1 and iOS 2.3.3 this week, and React Native 7.2.2 next week. Please note that we’ll no longer support any versions prior to Android 3.5, iOS 2.2.2, or React Native 7.1.1 after 11/1/22. Upgrade now!

      Virtual events

      2022 fintech predictions Tech Talk

      In case you missed our first Tech Talk of the year, our co-founder and CEO, Zach Perret, along with Plaid execs Ginger Baker and John Pitts, discussed some of the biggest fintech trends to watch for over the year ahead. 

      In other news…

      Zirtue uses Plaid to boost conversion rate by 10%

      With 83% of Zirtue’s customers holding accounts at credit unions, the company needed an easier way to gain access to their accounts. After switching to Plaid, they boosted their conversion rate by 10%. Read the story. 

      Financial Gym automatically categorizes 90% of transactions with Plaid 

      Financial Gym was only able to automatically categorize 10% of transactions with their previous platform. After switching to Plaid, they were able to automatically categorize 90% appropriately. See why.

      changelog
      newsletter

      Ready to get started?

      Get started
      Contact sales
      • Products
      • Auth
      • Balance
      • Identity
      • Transactions
      • Assets
      • Income
      • Investments
      • Liabilities
      • Identity Verification
      • Monitor
      • Signal
      • Global coverage
      • Pricing
      • Use cases
      • Personal finances
      • Consumer payments
      • Lending
      • Digital Banking
      • Wealth
      • Business finances
      • Open finance
      • Customer stories
      • For developers
      • Quickstart
      • API documentation
      • Libraries
      • About us
      • Company
      • Careers
      • Blog
      • Contact
      • Partners
      • Press
      • Resources
      • Fin
      • Safety
      • How we handle data
      • Legal & Privacy
      • Plaid Link
      • About us
      • Company
      • Careers
      • Blog
      • Contact
      • Partners
      • Press
      • Resources
      • Fin
      • Safety
      • How we handle data
      • Legal & Privacy
      • Plaid Link
      • Use cases
      • Personal finances
      • Consumer payments
      • Lending
      • Digital Banking
      • Wealth
      • Business finances
      • Open finance
      • Customer stories
      • For developers
      • Quickstart
      • API documentation
      • Libraries
      • For consumers
      • How it works
      • Discover apps
      • Why is Plaid involved?
      • Trouble connecting?
      • Plaid Portal
      • FAQs
      • For financial institutions
      • Work with us
      • Data Connectivity
      • Privacy Controls

      © 2023 Plaid Inc.

      Plaid Financial Ltd. is an authorised payment institution regulated by the Financial Conduct Authority under the Payment Services Regulations 2017 (Firm Registration Number: 804718) for the provision of payment services. Plaid, B.V. is an authorised payment institution regulated by the Dutch Central Bank under the Dutch Financial Supervision Act for the provision of payment services (account information services). Plaid, B.V. is included in the public register of the Dutch Central Bank (License number: R179714) and registered at the Dutch Chamber of Commerce (CoC number: 74716603).