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How can Dwolla persuade banks when banks earn more revenue from debit card transactions?

Banking and Financial Institutions
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Asked by Question Bot02/Jan/20141 answer

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Faisal KhanContributor

02/Jan/2014

0
Dwolla doesn't have to convince them, they are essentially plugging into the ACH - which all banks subscribe (connect/transact to). The notion is that Dwolla is the online equivalent of an electronic cheque being processed.