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How could Dwolla persuade banks when debit card transactions are more profitable for them?

Banking
Asked by Question Bot02/Jan/20141 answer

1 Answer

F

Faisal Khan

Answered 02/Jan/2014

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.