Join the Open Banking Revolution
The Benefits of Open Banking
Traditionally, navigating the complexities of A2A payments has been a challenge for businesses, often requiring multiple vendors, APIs and technical integrations. Dwolla enables enterprises to digitally transform their payments by offering a comprehensive, modern solution encompassing instant account verification, balance checks, fraud mitigation and A2A transfers through a unified integration.
“There hasn’t been any downtime or issues that prevented either the distribution or contribution side of our payment infrastructure. If the goal is to build a really great user experience, Dwolla is the best solution we’ve found.”
How Open Banking Works
Dwolla’s pre-integrations tailor open banking features and functionality for payments use cases and ensure a smoother implementation process for businesses, reducing complexity and accelerating time-to-market for A2A payment solutions.
- Instant Account Verification (IAV): Instantly (within seconds) confirm the bank account is open and active, and let customers continue through the authentication and payment flows immediately. This decreases abandonment rates for the account linking process and creates a smoother, more streamlined customer experience.
- Real-Time Balance Check*: Check the real-time current and available balances in a bank account before pulling money from it to cover a transaction. This helps reduce the risk of returns due to insufficient funds.
*Businesses must use IAV through Dwolla's Open Banking Services to verify a bank account before using real-time balance check for that account.
Collaborating with Industry Leaders
Integrate pay by bank payments in as little as ten days.
Dwolla's full-service approach replaces legacy payments technology with a single solution, improving security, data visibility and the customer experience.
