The $5.3bn purchase agreed a year ago would have enabled Alphabet, Mastercard, Citi and American Express to exit the banking software producer.

Payment services firm Visa agreed on Tuesday to terminate the $5.3bn acquisition of portfolio company Plaid, a US-based provider of banking and financial data transfer software. The deal was agreed in January 2020 and would have enabled internet and technology conglomerate Alphabet, financial services firm Citi and payment service providers Mastercard and American Express to…

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