Every Pension Payment Reaches the Member Who Earned it

Public pension systems face risks from direct deposit fraud and account takeovers that can jeopardize retirees’ payments. Plaid helps address these threats by verifying members’ identities and bank accounts in real time, supporting secure payment validation.

With connections to more than 12,000 financial institutions and 500 million accounts, Plaid provides a broad financial network to help pension systems validate banking information and strengthen protections for retirees.

Key Takeaways

• Help prevent direct deposit fraud in public pension systems

• Reduce account takeover risks through real-time verification

• Verify pension members’ identities and bank accounts

• Support secure validation of retirees’ banking information

• Connect to more than 12,000 financial institutions

• Access a network spanning 500 million accounts

• Strengthen safeguards for pension payments and retiree accounts