Pay by Bank for Bill Pay is a new payment solution designed to provide a seamless, cost-effective, and secure way for consumers to pay directly from their bank accounts. The Plaid network powers this solution, enabling higher adoption rates and up to 40% lower processing costs compared to card payments. With intelligent risk assessment, the system minimizes returns and prevents fraud. Pay by Bank for Bill Pay is already in use by early customers across various industries such as telecommunications, property management, insurance, and automotive. This solution aims to increase adoption of bank-based payments for recurring payments, offering more flexibility to consumers and greater savings for businesses.