A wall of investors' photos at Dwolla headquarters.
When it comes to radically altering the fabric of digital payments there is no more interesting startup than Dwolla. The Iowa-based company has built its own alternative to the credit card networks and Automated Clearing House (ACH), the decades-old infrastructure which powers everything from bank transfers to cutting-edge payment companies like Square. Creating its own network from scratch has given Dwolla two powerful advantages over its competitors. First, it can avoid the hefty interchange fees levied by the credit card companies. And second, it can offer instantaneous transfers, avoiding the sometimes multi-day waiting periods associated with ACH. The company says it's on pace to...
via The Verge - All Posts http://www.theverge.com/2013/11/4/5055620/dwolla-digital-payment-startup
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