By: Ben Milne,


Dwolla users have known cash-styled transactions will continue to have a future in the world, but now, so does your financial institution.

They’ve recently found value in Dwolla-driven transactions and how cell phones have the capability to do so much more than plastic cards. For example:

Today, we’re happy to announce one more value-add we’ve been working on:

For the first time ever,  we are going to give you a dynamic platform that will be able to sidestep laborious ACH load and unload times, grant transparent access to your banking information and connect you instantly to the funds that you want to spend.

All of this begins now. We’ve already begun implementing Dwolla’s technology into financial institutions  nationwide.

Earlier this month we began the first implementation of our new banking services product with Premier Credit Union here in Des Moines. Called Dwolla FiSync (“Fi” being short for financial integration), the new technology is the direct result of our strategic relationship with our investor and technology partner, The Members Group. When completed this mid-level integration will cut out our current verification times of 2 to 3 days when you initially register an account; thus, allowing their members instant access to the Dwolla ecosystem. You can read more about it in their press release.

This new type of integration with Dwolla is a pivotal first step in what we see as the future of cash. The result is a revolution in the typical ACH processing procedures and a streamlined cash transaction from your bank account to a recipient, all through a phone.

What does this mean for you?

Joining a bank or credit union with full Dwolla FiSync integration gives you the convenience of mobile payments, the peer-to-peer experience of Facebook and Twitter, and the location-based technology of Spots all in the palm of your hand, all available in an instant. Powered by Dwolla, these new financial institutions will be able to add a whole new depth to the banking experience. Pure unadulterated and rightful access to your hard earned cash for you to spend in the way that’s easiest for you.

So here’s what continues to be interesting about this:

So start asking your FI about their plans to integrate with Dwolla.

To Financial Institutions,

Please don’t hesitate to reach out to our lead at The Members Group, Brian Day. We created specific APIs, which will allow you custom integrate Dwolla’s technology into your current systems at a level that is most convenient for you and your members. For more information please contact:

Brian Day
The Members Group | 1500 NW 118th St | Des Moines, IA 50325
P: 515.457.5221 | T: 800.268.1884, ext. 5221 | F: 515.457.2005

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Financial institutions play an important role in the Dwolla network.

Dwolla, Inc. is an agent of Veridian Credit Union and Compass Bank and all funds associated with your account in the Dwolla network are held in pooled accounts at Veridian Credit Union and Compass Bank. These funds are not eligible for individual insurance, including FDIC insurance and may not be eligible for share insurance by the National Credit Union Share Insurance Fund. Dwolla, Inc. is the operator of a software platform that communicates user instructions for funds transfers to Veridian Credit Union and Compass Bank.