I served with a board member a few years back who said something that I'm reminded of on a regular basis. Never underestimate the power of the default setting. What he meant by that wasn't always user-centric. At least I don't think so. This is an interesting statement when put into the context of how powerful… Continue reading The Power of Default
When I say establishment, a few examples that could fit are: Financial Institutions. Banks and credit unions. Governments. State and Federal. Regulated exchanges. Media companies. Now that we've got that out of the way, I'd like to share what is an obvious overlap between blockchain based technologies that are recording asset transfers in a open ledger… Continue reading Connecting a Blockchain to the Establishment
In 2012, 2013, and 2014, I wrote about hard lessons learned. Many of the hard lessons were memorable because of how devastating each lesson felt at the time. In 2015, I didn't have time to write a post. The adage, "you make time for the things that are important" is true in this case. My annual post fell… Continue reading 3 Things I Hope To Leave You With
The team surprised a few people last week with Dwolla.js, which makes integrating Dwolla's authorization service for bank accounts easy. As a developer, here is what the snippet looks like to take advantage of the new functionality. <head> <!-- Include dwolla.js on your page --> <script src="https://cdn.dwolla.com/1/dwolla.js"></script> </head> The 5 advantages that stick out most to me are: Time to get… Continue reading Advantages of Dwolla.js
Dwolla's white label API is new and it has been a great product for us. I think that is because if you think about bank transfers in a very simplistic view there are 2 parts: Bank Authorization. This gives your application the proper authorization to credit and debit a bank account. Bank Transfer. These uses the proper… Continue reading Making Bank Transfers Easy
I spend a lot of time in banks these days and there is a lot of discussion about blockchains. Described another way, there is a lot of discussion about what the appropriate way is to technically store data for the purpose of reducing risk and increasing transaction speed. It's interesting to me because most bank business… Continue reading Building a universal ledger. To blockchain or not to blockchain.
Prioritization is pretty simple in theory but can be incredibly complex. Whenever I talk to someone about what they're capable of doing with the time they have I always try to make it clear that the time is limited. Imagine you have 1 unit. You can not do 2 things with that 1 unit. For the sake… Continue reading The Prioritization Paradox
A few months ago a small company presented me with something rather astonishing that I thought might be too good to be true. That thing, was a major network issued card that settled against my Dwolla balance. Which means, everywhere that major card network is accepted, Dwolla is accepted. With a mild amount of skepticism... I… Continue reading When the money finds its own way to where it has to go
The number of times a payment can be exchanged before it's worth $0 assuming the service exchanging the money carries a 3% + 30 cent fee is pretty predictable. If you start with $100 dollars in such a system you can exchange it 79 times before it's worth $0. With Dwolla's network, as of last week, money… Continue reading Generally obvious things about real-time and $0 transactions.