Dwolla Partners With mFoundry, Bringing Real-Time Payment To 800+ Banks

http://techcrunch.com/2012/10/10/dwolla-partners-with-mfoundry-bringing-real-time-p2p-mobile-payment-capabilities-to-800-u-s-banks/

by Ataub24 • 14 years ago

44 7 14 years ago

techcrunch.com

alexpenny• 14 years ago

Has anyone had success using Dwolla? I love what they are doing and I tried to get behind them, but adoption rate is nil. If the sign up process was less of a pain I would feel better getting clients on board. It seems like they are just winning tiny battles like this just to stay in the press.

phren0logy• 14 years ago

I have used it, and it works exactly as advertised. The only think I didn't like is that it put something on my facebook feed about paying somebody, which was gross. I can see why they are trying to get more exposure, but that was a bad move.

Other than that, it's just what it says on the tin.

jarcoal• 14 years ago

Apparently they are big in rental markets. Apartment managers love the low fees on reasonably large transfers.

Osiris• 14 years ago

I used it to pay someone for some contracting work. It was nice to only have to pay $0.25 fee instead of 3%.

lasertron• 14 years ago

as a retailer, I incentivize customers to pay with it. the costs of promoting dwolla right now to increase the adoption rate among my customers is still lower than paypal or credit card fees.

ssebro• 14 years ago

mFoundry's business is essentially "get advanced mobile apps for your bank on every platform", with ~30-day turn around.

I used to code mFoundry's platform and mobile apps, and I can tell you that this deal is a potential game changer for dwolla. mFoundry has amassed prolific channels to banks, and they've been able to drag banks big and small into the future of mobile banking. More importantly, their solution is now laughably combatible with the different software that powers most banks, so integration is relatively simple. If they're able to offer payment over dwolla as turnkey as their other integrations, and dwolla's fees are cheaper than ACH, this single deal will make dwolla huge.

nym• 14 years ago

I wish Bitpay or BitInstant would partner with mFoundry!

Dwolla Partners With mFoundry, Bringing Real-Time Payment To 800+ Banks

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