I've been building FinTech products for the better part of 10 years and this is at the heart of every bank conversation I've ever had. The discussion always goes in different directions. I asked this question on Twitter and at the time the question was somewhat rhetorical. I thought the answers would be more consistent… Continue reading What’s a dollar on deposit worth?
The topic of funds availability came up with a large potential partner on a call a few weeks ago. When funds are available to the recipient in an electronic transaction is more often than not a function of the Transfer Type that's being used to exchange money. In the US, there are many Transfer Types… Continue reading $1,000,000 in liquidity for $164.38. Solving for real-time with a bit of cash.
Jami normally has an art project going. When we started our own shelter in place Jami began a new one under #30DAYARTQUARANTINE inspired by another artist. The body of work certainly has themes and one of them I thought was particularly interesting was the children's books. We, like many of you, have kids in our… Continue reading Quarantine Art
I had an opportunity to talk with Jeff Forkin at Currency Cloud a few weeks ago about programmable payments and the approach we've taken at Dwolla. You can listen to the discussion below. Looking back on when I was first introduced to the Currency Cloud team and Stephen Lemon, it's amazing how far FinTech has… Continue reading Talking Programmable Payments with Currency Cloud
About a month ago I posted Hiring a new CEO. Today the Dwolla team announced that we've found our new CEO and he's already begun work. As of now, Brady Harris has begun leading the Dwolla team. Brady is relocating his family to Des Moines from Atlanta as a part of taking on the role.… Continue reading Dwolla has a new CEO
We're about 2 weeks into our own shelter-in-place situation at our house and I've been watching a few sites on a regular basis. Specifically the State of Iowa IDPH Site and the Johns Hopkins Center for Systems Science and Engineering dataset. After watching these sites change, I keep wondering how far off the model is… Continue reading More Iowa Covid-19 Growth Data
Like many of you in Iowa, I sat with my family listening to Governor Reynold's press conference this afternoon. First and foremost, I want to applaud the State of Iowa, Governor Reynolds personally, and her staff for doing what is a very hard thing —keeping composure in an exceptionally unknown and dynamic time. Whether or… Continue reading If Shelter-in-place isn’t mandated in Iowa, what can we do?
For the first time I had a meeting cancel due to a COVID-19 death. The depth of sadness I feel for those impacted right now is something I can feel, but I can't describe. This was definitely a wake up call for me. I'm not a doctor and I can't provide care to others but… Continue reading Moving Iowa quickly to shelter in place
The internet is full of sessions. From the most the most obvious to obscure — browser sessions, driving a car, phone calls, playing a game, and too many other examples to list. One of the design considerations for Dwolla's Labels technology was how to grant access to something that can't own an asset. Like a… Continue reading Sessions of money, data, and trust
I told the Dwolla team this morning that we are hiring a new CEO, whom I and the rest of the board are going to recruit. I've replaced myself in every role I've ever had in this company and this will be no different. Change is a required part of growth. I'll stay involved but… Continue reading Hiring a new CEO