Dwolla introduces open banking services

Photo of author

By David Brooks

Dwolla, a leading US-based account-to-account payment solution, today announced the launch of its groundbreaking Open Banking Services.

These built-in Open Banking integrations extend Dwolla’s account-to-account (A2A) offering with instant account verification, balance checks and fraud prevention. Dwolla’s Open Banking Services provide mid-sized and large businesses the functionality they need to offer fast and secure A2A payments through Dwolla’s only API.

“Our vision with Dwolla’s Open Banking Services is to provide businesses with a seamless, all-in-one solution for A2A payments,” said Dave Glaser, CEO of Dwolla. “By consolidating key A2A payments capabilities under one roof, we aim to simplify the payments landscape for businesses, enabling faster time to market and improved operational efficiency.”

Traditionally, managing the complexity of A2A payments has been challenging for businesses, often requiring multiple providers, APIs and technical integrations. Dwolla enables businesses to digitally transform their payments by providing a comprehensive, modern solution that includes instant account verification, balance checking, fraud prevention and A2A transfers through a unified integration.

Dwolla’s Open Banking Services offer numerous benefits to businesses, including:

  • Comprehensive solution: Dwolla’s only API enables businesses to create comprehensive payment experiences embedded in their applications by accessing open banking services, including verifying customer and business data and securely exchanging account credentials.
  • Reduced time and effort: Dwolla’s only API enables companies to enable fast and secure A2A transactions through a single provider. Dwolla simplifies the integration process by streamlining contract management, technical integration, and ongoing maintenance efforts.
  • Modular approach: Dwolla’s scalable and customizable solution is tailored to the specific needs of medium-sized customers.
  • Dwolla simplifies the A2A payment experience through its Open Banking Services through pre-integration with leading Open Banking service providers. This pre-integration ensures a smoother implementation process for businesses, reducing complexity and accelerating the time to market of A2A payment solutions.

With Dwolla’s Open Banking Services, companies can embark on the path to more efficient, secure and optimized A2A payments.

Leave a Comment