Dwolla is utilizing Plaid Link, an elegantly designed and secure way for joint partners to provide bank account verification with access tokens. Using tokenization, bank accounts are linked using purpose-built tokens between the Plaid and Dwolla platforms.
Within this integration, Plaid functions as a vault, using short-lived tokens to protect the data, while allowing the distribution of important information to Dwolla without requiring our customers to store it.
The concept of giving value to an otherwise value-less item has real application in the digital world, especially as it relates to security. It’s why tokenization is at the core of Dwolla’s platform, and is something we value in our partnership with Plaid, understanding the importance of and specializing in the secure distribution of data.