Reimagining the Checkout Experience with Envestnet | Yodlee Account Aggregation and Verification
FinTechs, consumers, and merchants have come to accept the expensive tollbooth sitting in the middle of payments: the card networks. Co-Founder and CEO William Messina created GrailPay because he believed it was time to help consumers and merchants through bypassing the card networks and disintermediating this expensive, inefficient middleman. In order to realize this vision, GrailPay needed a way to easily and securely link shoppers’ bank accounts to their platform so shoppers could use their accounts to pay for goods and services. They also needed an account verification solution that could instantly validate shoppers’ bank accounts, verify account balances, and prevent fraud.
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