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Payment Methods

Standard ACH
Standard processing times.

Same Day ACH
Expedite your payments.

Real-Time Payments
Transfers in real time.

 
Features

Webhooks
Real-time notifications.

Correlation IDs
Tracking transactions and reconciling bank records.

Addenda Records
Additional transaction information, like a note or memo.

 

 

 

 

 

Security

Open Banking Services
Instant account verification, balance checks and fraud mitigation.

Tokenization
Digital interactions result in unique identifiers.

Bank Verification
Smoother, safer, more efficient transactions.

Secure Exchange Solution
Securely exchange data with trusted partners.

Benefits

Sandbox Environment
Simulate use cases and try out features.

Dedicated Support
Supporting your payments journey.

Transforming Payments in Manufacturing

Dwolla empowers manufacturing companies to eliminate the manual processes and outdated payment systems that negatively impact payment speed, efficiency and security, and buyer-supplier relationships.
Mobile Screenshot: Invoice total and Payment scheduled. Images of individuals working in manufacturing.
BEFORE DIGITAL TRANSFORMATION

Industry Challenges

The manufacturing industry faces challenges with slow, inefficient payment processes, hindering payment predictability and straining buyer-supplier relationships.

Slow, Inefficient Payments
Slow and inefficient payment processing and lack of payment predictability cost time and money and hurt buyer-supplier relationships.
Limited Payment Visibility
Lack of traceability and visibility of payments decreases payment predictability and limits access to payments data.
Payment Security
Security concerns and risks can lead to costly fraud incidents or security breaches, as well as reputational damage and lack of trust between manufacturing companies and their suppliers and distributors.
AFTER DIGITAL TRANSFORMATION

Faster, More Efficient Payment Processing

Automating the payments process end-to-end with Dwolla means faster, smoother and more predictable payments. This builds loyalty with suppliers and distributors.

  • Use A2A payment methods (including instant payments) and automation through Dwolla's API to speed up payment processes, save time and money, reduce manual efforts and the risk of human error and improve buyer-supplier relationships.
  • Improve cash flow and payment predictability with Dwolla to manage cash position more effectively and grow supplier and distributor networks.
  • Get working capital into your accounts quickly, giving you cash on hand to grapple with unforeseen challenges or opportunities, such as emergency payroll or just-in-time supplier payments.
Cargo ships above code with an API icon

Increased Payment Visibility

A2A payments with Dwolla are traceable throughout the payment process, and correlation IDs and webhooks help with payment tracking and status updates. They also allow for straight-through reconciliation of payments. 

  • Replace cash, paper checks and wires, which are classically hard to track and confirm, with Dwolla Connect’s A2A payments and payment automation.
  • Get access to important payment data in real-time, and easily identify and focus on payments that need manual intervention.
  • Track payments between Dwolla and your other systems, and take advantage of automatic reconciliation.
Dwolla Dashboard with notes: Supplier Paid and Payroll Scheduled

Increased Payment Security

Since Dwolla Connect is a tokenized solution, account and routing numbers are stored and transmitted with a token instead of having to pass the numbers themselves every time a payment is made. 

  • Replace sensitive data with tokens so no sensitive data is transmitted when a payment is initiated through Dwolla's API.
  • Decrease the risk of sensitive data being intercepted by bad actors.
  • Eliminate manual processes to reduce errors caused by human intervention and the number of people with access to and handling sensitive supplier and distributor data.
Security lock with verification shield

Leading Open Banking in North America

40+ Partners
20M+ End-Users
121M+ Annual Transaction Volumes
99.9% Uptime, 365 Days

Dwolla Connect

Dwolla Connect is a unified API solution across financial institutions and account-to-account payment methods and is designed specifically for mid- to enterprise-sized businesses with established payment operations. It empowers them to undergo a seamless digital transformation from outdated payment systems, manual processes, and file-based operations to fully streamlined, automated processes.

 
LEARN MORE

Innovations, Ideas and New Payment Possibilities

From best practices to bold ideas, see how Dwolla and our customers uncover solutions using account-to-account payment technology.
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