Payments 2.0
13.3K views | +0 today
Follow
Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
Your new post is loading...
Your new post is loading...
Scooped by Therese Torris
Scoop.it!

CFPB fines Dwolla for misrepresenting data security practices

CFPB fines Dwolla for misrepresenting data security practices | Payments 2.0 | Scoop.it

Finextra: Digital payments outfit Dwolla has been slapped with a $100,000 fine by a US watchdog for "deceiving" consumers about its data security practi...

Therese Torris's insight:
Not sure where is this coming from and therefore whether I should be disappointed in Dwolla
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Real-time direct transfer payment startup Dwolla introduces white label service

Real-time direct transfer payment startup Dwolla introduces white label service | Payments 2.0 | Scoop.it
Finextra: Payments firm Dwolla is introducing a while label service that promises to give banks and businesses an API that does what ACH does without the overheads.
Therese Torris's insight:

Great news that will hopefully shake up the payment incumbents

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

US government portal Pay.gov now accepts payments thru PayPal and Dwolla digital wallets

US government portal Pay.gov now accepts payments thru PayPal and Dwolla digital wallets | Payments 2.0 | Scoop.it
Pay.gov, the US Government's Web portal for collecting payments for federal agencies, has opened up to digital wallets from PayPal and Dwolla, as part of an ongoing effort to move away from paper-based processes to more efficient and secure electronic transactions.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Payment startup Dwolla raises $9.7M from CME Group to move FiSync real-time money transfer beyond retail

Payment startup Dwolla raises $9.7M from CME Group to move FiSync real-time money transfer beyond retail | Payments 2.0 | Scoop.it
Dwolla has raised $9.7 million in a funding round led by exchange operator CME Group in a move that signals the digital payments startup's intentions to move beyond the retail world.
Therese Torris's insight:

Dwolla is one of the few truly disruptive payment startup as it bypasses the credit card network and aims at real-time banking transfers

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Ben Milne, Dwolla's founder, makes the MIT list of Innovators Under 35

Ben Milne, Dwolla's founder,  makes the MIT list of Innovators Under 35 | Payments 2.0 | Scoop.it

Digital payment systems dreamed up in the Web era still piggyback on credit card networks. There ought to be a faster and cheaper way.

Therese Torris's insight:

He's only 30 now. Dwolla was launched in 2008.

Well deserved! Congratulations.

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

The state of Iowa lets tax payers pay with Dwolla

The state of Iowa lets tax payers pay with Dwolla | Payments 2.0 | Scoop.it
The US state of Iowa is set to let residents pay some of their taxes using Dwolla, a local digital transactions start up.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

PayNearMe keeps cash alive and well

PayNearMe keeps cash alive and well | Payments 2.0 | Scoop.it
Therese Torris's insight:

Self-serving guest post by the CEO of PayNearMe. Still good food for thought: Cash transactions may not be decreasing.  

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Dwolla now lets you pay without signing up and charges market's lowest 25¢ fees

Dwolla now lets you pay without signing up and charges market's lowest 25¢ fees | Payments 2.0 | Scoop.it

Therese's comment: Because it bypasses credit cards and incumbent payment processors, Dwolla has always been the most disruptive proposition in the US payment's market. But it was quite low profile until recently.

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Dwolla raises the bar on mass payments : let you pay 2,000 people at once

Dwolla raises the bar on mass payments : let you pay 2,000 people at once | Payments 2.0 | Scoop.it

TNW: Dwolla today announced that it is taking its fight with PayPal to the next level with a feature that lets you pay multiple people at once. PayPal has Mass Payment (pay up to 250 people ...

 

Therese's comment: picture from TNW (credit: Christa Richert) is a bit absurd given that Dwolla is only available in the US... No doubt that Dwolla with its low flat fee is much cheaper than PayPal. But I can't remember when was the last time I had to make 2,000 payments. Am I missing something?

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Two new(ish) reports on new payments systems by Javelin Research

August 2012: Account‐to‐account (A2A) and person‐to‐person (P2P) transfers: Ermerging players pose threat to PayPal

Account‐to‐account (A2A) and person‐to‐person (P2P) transfers have greatly expanded in functionality in recent years, enabling consumers to complete over $195 billion in domestic transfers in the past year. P2P transfers [...] moved more aggressively toward delivery through electronic channels [...] potential to provide important revenue for FIs and vendors alike.

https://www.javelinstrategy.com/brochure/259

 

July 1012: VIRTUAL CURRENCIES: A Global Gamble

[...] With the ability to cross channels and support online, mobile, and POS commerce, virtual currencies can be readily extended to a variety of environments. But, in the process, these currencies and providers — including Bitcoin, Facebook Credits, Ven, zCoins, World of Warcraft Gold, and PlaySpan — have garnered the attention of regulators, crime enforcement, and traditional payments service providers as each struggles to understand these currencies’ potential implications. This report details some of the issues and threats surrounding this emerging payments market.

https://www.javelinstrategy.com/brochure/258

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

The Best Mobile Payments App - ReadWriteWeb

The Best Mobile Payments App - ReadWriteWeb | Payments 2.0 | Scoop.it

Summary: One of the many useful articles summarizing the competing mobile payment options that are vying for adoption in the US market: Square, PayPal, Dwolla, LevelUp, Google Wallet, Intuit GoPayment, ISIS, Veriphone, Jumio, Card.io.. als mentions two companies I was not familiar with:

 

- Erply:  Erply's POS solution includes facial recognition that allows sales staff to identify and checkout PayPal shoppers without any card swipers or paper receipts http://erply.com/

- Mobeam: Mobeam’s patented technology uses light to bridge the redemption gap between mobile devices and retail point-of-sale http://www.mobeam.com/ ;

more...
No comment yet.
Rescooped by Therese Torris from Personal Finance 2.0, New Finance, FinTech, PFM
Scoop.it!

Quid Puts FinovateSpring Companies through its Big Data Algorithm - Finovate

Quid Puts FinovateSpring Companies through its Big Data Algorithm - Finovate | Payments 2.0 | Scoop.it

Summary: San Francisco-based data analytics company QUID recently compared the FinovateSpring 2012 presenters against its database of 800 financial services companies. The following were determined to be the most unique and valuable...:

1. DeviceFidelity: operator and device-independent solutions for mobile apps

2. Silver Tail Systems: web intelligence for security

3. Edo Interactive: connects advertising with card data

4. Dwolla: mobile and online direct transfer payments

5. On Deck Capital: technology-assisted lending of working capital to SMBs

6. BillGuard: free personal finance security service

7. Klarna: escrow payment service for online shopping

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Payments aggregator InspirePay embeds alternative payments Dwolla, PayPal, Stripe

Payments aggregator InspirePay embeds alternative payments Dwolla, PayPal, Stripe | Payments 2.0 | Scoop.it

US-based startup company InspirePay has added online, mobile and social payments platform provider Dwolla, Pyapal, Stripe...

 

Note: Visit InspirePay's website: http://inspirepay.com/

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Ben Milne, CEO, Dwolla on real-time, blockchain and other #payments' issues

Ben Milne, CEO, Dwolla on real-time, blockchain and other #payments' issues | Payments 2.0 | Scoop.it
Finextra: Ben Milne, who founded Dwolla in 2008 after growing frustrated with high credit card fees, talks to Finextra about America's slow move towards faster payments, his firm's foray into the exchange world, the blockchain, and the idea of being bought by Apple.
more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

BBVA Compass partners Dwolla for real-time payments

BBVA Compass partners Dwolla for real-time payments | Payments 2.0 | Scoop.it
Finextra: BBVA Compass customers can now bypass America's antiquated, sluggish payments networks and make real-time payments through Iowa startup Dwolla's platform.
more...
Luis Garcia Orza's curator insight, April 9, 2015 6:20 AM

Well done BBVA, lets trust this services arrives EU soon

Scooped by Therese Torris
Scoop.it!

US bank BBVA Compass opens backbone to Dwolla FiSync technology to enable real-time payments

US bank BBVA Compass opens backbone to Dwolla FiSync technology to enable real-time payments | Payments 2.0 | Scoop.it
BBVA Compass has opened up its technology platform to Dwolla, enabling customers to make real-time payments through the Iowa startup's payments network.
Therese Torris's insight:

Part of the BBVA group, BBVA Compass operates 688 branches in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas and ranks among the 25 largest banks in the USA.

Direct link to press release http://newsroom.bbvacompass.com/2014-10-30-BBVA-Compass-Dwolla-team-up-to-offer-real-time-payment-innovation-to-clients

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Dwolla kills support for bitcoin

Dwolla kills support for bitcoin | Payments 2.0 | Scoop.it

Payments firm Dwolla is severing its ties with bitcoin exchanges and services, cutting off a major route for moving funds between the virtual currency and its fiat cousins...

In May Dwolla was served with a court order by the US Department of Homeland Security...

Last year, another exchange, TradeHill, filed a lawsuit against Dwolla [which] prompted anger among crypto-currency enthusiasts".

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Dwolla raises $16.5M to revolutionize mobile and online payments through direct bank transfers [MUST READ]

Dwolla raises $16.5M to revolutionize mobile and online payments through direct bank transfers [MUST READ] | Payments 2.0 | Scoop.it

Online payment network Dwolla has pulled in$16.5 million in a third funding round led by elite venture capital firm Andreessen Horowitz. [...] Dwolla formed a partnership with the state of Iowa last year to process taxes.  The company also introduced FiSync, which it claims is the nation’s first  real-time payment network for financial institutions and tackles on some of the  problems of the Automated Clearing House (ACH) transfer system. Dwolla also made  an “800 bank and credit unions partnership” with mFoundry. [...]

Therese Torris's insight:

Great stuff... Always found Dwolla most innovative as it by-passed the credit card payment system and charges less than any other payment system around. But I was worried that, with $6M before this round, it was underfunded. Not that raising funds is a virtue, but there was a huge imbalance with competitors like Square ($341 M).

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Dwolla launches payment over Twitter to rival Chirpify

Dwolla launches payment over Twitter to rival Chirpify | Payments 2.0 | Scoop.it
TNW: Online person-to-person payments service Dwolla has put together and released a simple method to send money to others on Twitter, requiring only their username, the dollar amount, and ...
Therese Torris's insight:

Dwolla is on an innovation spree. Well done!

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Dwolla Launches Guest Checkout Option For Merchants, Allows Shoppers To Pay With Dwolla Without Signing Up | TechCrunch

Dwolla Launches Guest Checkout Option For Merchants, Allows Shoppers To Pay With Dwolla Without Signing Up | TechCrunch | Payments 2.0 | Scoop.it

TechCrunch: Online and mobile digital cash network Dwolla is breaking down one of the barriers to entry to using its service with today's introduction of a new "guest checkout" feature for online merchants.

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Direct bank transfer payment Dwolla operates behind the scene

Direct bank transfer payment Dwolla operates behind the scene | Payments 2.0 | Scoop.it

Fast Company: [...] anybody can use [Dowolla's] service to transfer money directly from their bank account to others without setting up a Dwolla account. And no longer do they need to launch a Dwolla app in order to pay at a Dwolla merchant’s offline store. ...

more...
No comment yet.
Rescooped by Therese Torris from Crowdfunding, Peer-to-peer lending
Scoop.it!

Dwolla teams up with Reddit and Stripe to boost donations for non-profits

Dwolla teams up with Reddit and Stripe to boost donations for non-profits | Payments 2.0 | Scoop.it

New US payment system Dwolla has launched Reddit Donate, a new initiative to get the Reddit community donating to 12 selected non-profits usin donation processor Stripe

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Dwolla Democratizing APIs With New Non-Technical Portal | TechCrunch

Dwolla Democratizing APIs With New Non-Technical Portal | TechCrunch | Payments 2.0 | Scoop.it

[...] Unlike PayPal, Dwolla routes around the traditional financial infrastructure [of credit cards]. As a result, the company offers a transactions at a lower cost than credit card processing companies. In order to accept Dwolla payments online retailers need to integrate the service into their websites. [...]... Last week the company relaunched its developers portal to make it more accessible to non-technical people. It’s still at developers.dwolla.com, but it’s now called the Integration Portal. “We kept calling it a ‘dev site’ but we realized that if we really wanted to democratize the site we’d have to call it something else,” says Jordan Lampe, director of communications at Dwolla...

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

With Places, Payments Platform Dwolla Finally Lists Where It Works, Lets You Request Merchant Support

With Places, Payments Platform Dwolla Finally Lists Where It Works, Lets You Request Merchant Support | Payments 2.0 | Scoop.it

Mobile payments platform Dwolla has the potential to disrupt how money moves in the new, digital economy... with the launch of Dwolla “Places” [Dwolla gives users] a directory of its merchant partners, which includes 15,000 brick-and-mortar stores and online sellers....

 

Comment: Places has interesting social features and will soon be available on mobile .

more...
No comment yet.
Scooped by Therese Torris
Scoop.it!

Ashton Kutcher invests in flat fee payment tech startup Dwolla

Ashton Kutcher invests in flat fee payment tech startup Dwolla | Payments 2.0 | Scoop.it

"Kutcher's company, A-Grade Investments, has invested in about 40 tech startups and tech companies, including popular services such as Foursquare, Zaarly and Skype. [ ...] Dwolla's founder, Mr Ben Milne, said he talks with Kutcher via Skype every month or so. Mr Milne says Kutcher's insights have "shown up in the product already in a million different ways"."

 

Note: To watch the video of the announcement by Kutcher and Milne at Silicon Prairie check this link: http://www.siliconprairienews.com/2012/04/prairiecast-live-at-1-p-m-tuesday-with-ben-milne-and-danny-schreiber

more...
No comment yet.