Dwolla, a leading payments platform, today releases a Push-to-Debit payment functionality to allow for fast payouts to a debit card and give additional flexibility to clients.
Since its founding in 2008, Dwolla has enabled billions of electronic, bank-to-bank transfers for millions of end users through the ACH Network. During that time, consumers have increased their usage of debit cards—prompting Dwolla to build a solution that addresses the growing demand for funds to be sent directly to a debit card. With the release of Push-to-Debit, businesses can access a programmable payments infrastructure for bank-to-bank transfers and offer a disbursement option for payments to be sent to a user’s debit card typically within 30 minutes.
“Business payments need to be versatile and easily accessible, which is why Dwolla’s goal is to provide customers with as many options as possible to get funds to their end users,” says Dwolla CEO, Brady Harris. “Because handling debit card transactions is an incredibly intricate process, our Push-to-Debit offering is one-of-a-kind. We took on the challenge of abstracting the card gateways so businesses don’t have to.”
With Push-to-Debit, Dwolla continues expanding its platform capabilities by working with innovative partners in the financial industry, such as Finix and MetaBank®, N.A. to offer additional payment options.
“MetaBank focuses on delivering financial services products that create inclusion for everyone. We view Dwolla as an innovative leader and are happy to work with them to build different and unique solutions that help businesses and their consumers.” said Curtis Webb, Vice President of Emerging Payments at MetaBank.
Dwolla, Inc. is a FinTech company that is changing the way innovative businesses move money. Since 2008, Dwolla’s infrastructure has powered billions of payments for millions of end users. Today’s most innovative companies are programming their payments with Dwolla—or they should be.
Finix is the smartest way for businesses to own, manage, and monetize payments. Built by payments experts from Klarna, PayPal, and Worldpay, Finix is trusted by companies like Lightspeed POS Inc. and Clubessential to build and scale their payments infrastructure. Headquartered in San Francisco, with an additional office in Cincinnati, Ohio, Finix is a privately held company funded by Acrew Capital, Bain Capital Ventures, Homebrew, Insight Partners, Sequoia Capital, Visa, and others. To learn more, visit www.finixpayments.com.
About MetaBank®, N.A.
MetaBank®, N.A., a national bank (“Meta”), is a subsidiary of Meta Financial Group, Inc.® (Nasdaq: CASH), a South Dakota-based financial holding company. Meta is a leader in providing innovative financial solutions to consumers and businesses in under-served niche markets and believes in financial inclusion for all. Meta’s commercial lending division works with high-value niche industries, rapid-growth companies and technology adopters to grow their businesses and build more profitable customer relationships nationwide. Meta is one of the largest issuers of prepaid cards in the U.S., having issued more than a billion cards in partnership with banks, program managers, payments providers and other businesses, and offers a total payments services solution that includes ACH origination, wire transfers, and more. For more information, visit the MetaBank website.