Making Bank Transfers Easy

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

Building a universal ledger. To blockchain or not to blockchain.

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.

When the money finds its own way to where it has to go

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

Generally obvious things about real-time and $0 transactions.

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.

Dwolla, and working with the Government

Nicole Cook, who runs Dwolla's government vertical, did an interview with ABC5 about Dwolla's most recent deal with the US Treasury.   We've been working on this for a long time so it's fun to talk about and it's really fun to see the announcement make the rounds. American Banker / Bank Tech News: Federal Payments Website… Continue reading Dwolla, and working with the Government

Measuring the Dwolla network’s transaction speed

I love Dwolla hackathons. I was pretty bummed out to miss the last one but I got to hang around this time. This was one of my favorites. It's monitor that Jared built for the Dwolla API that shows round-trip transaction time, among other things. This shows round-trip transaction time at just under 1 second. It's… Continue reading Measuring the Dwolla network’s transaction speed

Breaking down the Dwolla network to its core.

Dwolla, as a network... has no money. It's not a bank. DWolla does not hold money. The DWolla network talks to banks on behalf of members of the network. Your money, my money, is already virtualized. The first time I was explaining that concept to a bank they looked at me sideways and the room fell silent.… Continue reading Breaking down the Dwolla network to its core.