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Dwolla & Visa to enhance Pay by Bank experience for businesses

By Delisha Fernandes

May 17, 2024

  • A2A payment
  • A2A transactions
  • Account Verification
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Dwolla, FinTech, Account-to-Account Payment Solutions, Nacha, Same Day ACH Transaction, InvestNext, Electronic Payments, ACH Network, Virtual Account Number, Real Time Payments, USA

Dwolla, a US-based account-to-account (A2A) payment solution provider, has partnered with Visa, a leader in digital payments, to bring advanced account verification capabilities to Dwolla’s A2A solution.

This partnership enhances Dwolla’s ability to provide a single, streamlined solution for mid to enterprise-sized businesses to pay and get paid via their bank accounts. Using Visa’s new open banking solutions integrated with Dwolla’s A2A payment technology, Dwolla clients can instantly verify account ownership and check balances in real-time.

“We’re thrilled to collaborate with Visa on providing innovative solutions in the open banking space,” said Dwolla CEO, Dave Glaser. “By combining financial data backed by the power of the Visa network and A2A payments into a single solution, we’re delivering a robust unified payment experience for finance and technology teams at enterprise-sized companies.”

Adding Visa’s reliable infrastructure to Dwolla’s Open Banking Services creates a single solution for accessing Instant Account Verification (IAV), balance checks, and available A2A payment methods more securely. Dwolla’s pre-integration with Visa can reduce complexity and accelerate time-to-market for A2A payment solutions while ensuring a smoother implementation process for businesses – all through Dwolla’s single API. This convenient framework aligns with the needs of enterprises seeking to modernize their payment solutions while keeping security top-of-mind.

“We are excited to work with Dwolla to help their customers simplify financial operations,” said Haley Nusbaum, Head of U.S. Visa Open Banking Solutions. “This integrated solution enables enterprises to gain access to advanced bank verification tools, enhancing the overall efficiency and security of their payment processes.”

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