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Isn't that the problem Dwolla is really trying to solve? Making ACH much quicker than it is now?
by djb_hackernews 15y ago
Isn't that the problem Dwolla is really trying to solve? Making ACH much quicker than it is now?
- praxeologist 15y agoI think so. I know they have a "big announcement" in 15 days, so I expect it to be related to this. Previously there has been some news about a service I think was called "CU link" where credit unions can offer Dwolla as a sort of service and the ACH is accelerated. I sent an email to my CU bugging them to get this and they gave me an answer like, "we pay attention to what is going on". My CU has some sort of ties to Members Group and I use Dwolla for online payments so my fingers are crossed.
- wmf 15y agoBut Dwolla is not in a position to either fix or replace the ACH system.
- djb_hackernews 15y agoI see differently. They have a good sized network of credit unions as guinea pigs and are already masters of ACH.
- Tuna-Fish 15y ago> But Dwolla is not in a position to either fix or replace the ACH system. On the contrary, based on the little PR that they have made, I feel that replacing the ACH system is their primary desired endgame. They are actively selling their payment network as an alternative to ACH for their member institutions.