Plaid to Pay JPMorgan for Customer Data Amid Industry Feud (2)

Plaid Inc. agreed to pay JPMorgan Chase & Co. for its consumer data, the latest accord in a battle between financial technology firms and banks over who can access the sought-after information.

The largest US bank and Plaid, which connects apps with bank accounts, updated a data-sharing agreement with a set pricing structure, according to people familiar with the matter, who asked not to be identified discussing nonpublic information.

Plaid and JPMorgan confirmed the fees but wouldn’t disclose the amount. In addition to a fee structure, the updated pact includes commitments from both firms “to ensure that consumers can access ...