Bringing Even More Simplification to the Payments Process
At Money20/20 USA 2024, FF News spoke to Dave Glaser, CEO of Dwolla, to discuss the future of payments, envisioning a shift where transactions “disappear” through biometrics. He emphasized the need to modernize outdated payment systems to align with evolving technology and consumer demands. Real-time payments, open banking, and embedded finance are driving this transformation, with Dwolla leading the way through secure, cost-effective pay-by-bank solutions that reduce reliance on traditional methods. In this video, you will learn:
- The Future of Payments How biometric-linked transactions (e.g., facial and palm scans) can make payments frictionless and “invisible.”
- Real-Time Payments Trends - The rise of RTP, FedNow, and Same-Day ACH in the U.S. and how they’re delivering speed, cost savings, and innovation.
- Challenges in Modernizing Payments - Why legacy enterprises struggle with outdated systems and how digital transformation tools like APIs and open banking can streamline operations.
- The Role of Embedded Finance - How “invisible payments” are becoming the norm, following the success of companies like Uber and Airbnb.
- Open Banking in the U.S. - The untapped potential of modernizing ACH systems to deliver secure and simple pay-by-bank solutions.
- Dwolla’s Approach - How Dwolla enables businesses to adopt real-time and open banking solutions, enhancing security, reducing costs, and improving customer experiences.
- Industry Insights - The importance of events like Money20/20 for fostering innovation, collaboration, and future industry growth.