Des Moines, Iowa-based payments innovator Dwolla announced on Oct. 22 a rollout of a new credit product that will allow approved customers to access credit and spend it online at a network of merchants.
Service replaces interchange fees with direct credit to participating merchants.
Iowa-based payments innovator included in Bitcoin probe, Bloomberg says, while MIT fetes founder.
Doubt has been swirling around the potential widespread use of near field communication, or NFC, a technology that links consumers’ mobile phones to merchants’ point-of-sale terminals, enabling instant mobile payments. Apple released the iPhone 5 without an NFC chip, leaving millions of consumers out of the NFC equation.
Person-to-person payments provider with credit union roots inks pact with state government in hometown Des Moines.
Sending real money to a Twitter user has become as simple as typing: “#Dwolla @TwitterUser $10.”
WASHINGTON — A couple major players in mobile software development said they are opening their apps to third-party collaboration.
Iowa credit union adopts new payments platform, says 650 already enrolled.
With the number of members who have opted not to conduct transactions with paper checks continuing to grow, St. Cloud Federal Credit Union knew it was time to make a change.
A mobile triple play describes a financial institution’s offering when it provides customers access to mobile banking in a total of three ways: mobile browser, text and mobile application.