Today, 23rd of September 2016 is a historic day in the Untied States in many ways. 40 years in the making, today marks the first day of what is being called Same Day ACH or SDA. Whilst it isn’t instant settlement, it is progress nonetheless.
I’m very pleased to have on our show Jordan Lampe who is the VP of Policy & Communication at Dwolla. Dwolla is payments related financial services company in Des Monies, Iowa. Dwolla also is one of the members of the Federal Reserve Task Force on Faster Payments initiative. The company already has a real-time mechanism for faster payments, aptly titled Fisync (as in Financial Sync) that enables real-time payment settlement amongst member banks.
About Jordan Lampe:
Lampe leads communication, policy, and public affairs at Dwolla. A vocal and active member in the payments and banking communities, Jordan was elected by the financial technology sector to serve as a steering committee representative on the Federal Reserve’s Faster Payments Task Force. The Fed-sanctioned initiative is charged with identifying new approaches for a national faster payment system. Jordan currently serves as special member on the Iowa Governor’s STEM Advisory Council and is a founding member of the Internet Freedom Business Alliance.
Dwolla is the best way for platforms to communicate with our nation’s banking system. Developers and businesses use its simple, yet powerful API to move money between bank accounts, manage customers, and more—all within their own branded experience.
On Wednesday, Dwolla announced its pilot program for Same Day ACH. Its newest addition to the White Label platform, the value-added service will provide platforms and applications an API to access and initiate affordable same day bank transfers to any bank account in the United States. No app downloads, plastic cards, or wires required.
Our Speakers in this week’s episode:
Also available on iTunes.