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Phases of development Archive - TransSwipe - Merchant Services and Credit Card Processing

TransSwipe - Merchant Services and Credit Card Processing

Archive for the ‘Phases of development’ Category

Get to market faster with Dwolla’s bank transfer API

Invest in an integrated payment solution for your platform that allows you to maintain control of the customer experience, while reducing your compliance and processing headaches.

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Retail marketplace Jane and mobile fintech app Sweep.co were faced with a number options when selecting a solution that addressed their unique ACH processing needs. Ultimately each elected to go with Dwolla’s feature rich, easy to integrate API for one overriding reason: time to market. In addition, each placed a premium on controlling the payments experience through Dwolla’s white label service and valued Dwolla’s guidance in managing the compliance requirements. Both Jane and Sweep are able to achieve funds transfers via a trusted partner, allowing them to focus on their core business.

The same rationale applies to anyone who is looking to transfer funds electronically.  Whether you’re looking for a straightforward disbursements solution or a more holistic, end-to-end payments experience—including instant bank verification and managing compliance requirements—Dwolla’s robust payments platform allows you to facilitate payments from, to, or between your customers.

Phase 1 – Funds transfer wrapped inside of 4 endpoints

We took a phased approach to the latest version of our API. The first phase allowed platforms to process bank sourced transfers in a white label capacity, and in many cases, not requiring re-collection of the customer data already on file. It’s a perfect solution for payouts, an integration consisting of only 4 endpoints.

“We’ve seen exponential growth, and Dwolla has handled disbursements for our platform every step of the way.”

Mike McEwan, CEO of Jane

Phase 2 – Customer verification

At the completion of phase 1, moving money was limited to the receipt of funds by a customer—a perfect use case for disbursements. The second phase extended the current, phase 1 customer onboarding flow. Now, with the same #customers endpoint, we were able to provide our partner with an automated identity verification solution, accounting for the CIP data elements required for both customers sending funds and allowing a customer to hold funds.

“Dwolla was able to offer the exact service our customers wanted whereas traditional financial institutions either didn’t understand how to do this or couldn’t move fast enough.” 

Jackson Gates, CEO of Sweep

Phase 3 – Bank verification

The third phase focused on bank account verification. We released Dwolla.js—a powerfully simple integration that partners can leverage to embed an instant account verification process within their platform, or securely collect account and routing numbers. With Dwolla.js, sensitive customer financial data never touches a partner’s servers. All this, in a few lines of code.

We are never done. While we continue to migrate additional functionality over to the white label experience, such as an improved mass payment flow, we ask that you provide feedback and suggestions on the v2 Dwolla API.

Is navigating the complex world of building your own payment platform pushing your launch date back? Let Dwolla help you get off the runway.

Get started now.

Contact and integration specialist

©2017 TransSwipe

 


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