Announced in October 2024, enterprise customers can now leverage a single vendor/API platform that enables instant, secure transactions
Dwolla, a leading U.S.-based account-to-account (A2A) payment solution, today announced the general availability of its expanded integration with Plaid, a data network powering the digital financial ecosystem. Dwolla’s clients are now able to leverage Plaid’s instant account verification and real-time balance check alongside comprehensive pay-by-bank payments through a single vendor and a single API.
"Our journey toward a fully unified payments platform has reached a pivotal moment," said Dave Glaser, CEO of Dwolla. "This integration streamlines our clients’ infrastructures and accelerates their ability to innovate, and it’s now fully available to clients. In partnership with Plaid, we’re providing a scalable, robust solution that can transform the way mid-to-large organizations manage and execute financial transactions."
The new solution operates via a single API that seamlessly provides access to open banking services integrated with pay-by-bank payment methods, including ACH, RTP and FedNow. This consolidated infrastructure reduces technical overhead and vendor management complexities by integrating multiple financial functions into one vendor-managed solution while enhancing efficiency and accelerating development cycles.
"Partnering with Dwolla represents our commitment to simplifying bank-based payments in financial services," said Brian Dammeir, Global Head of Payments and Financial Management at Plaid. "Our combined solution offers enhanced security and efficiency, empowering businesses to integrate essential banking functions with ease and confidence—and we’re thrilled that it’s now available to enterprise customers.”
Branded Research, the companies’ first beta client, is leveraging the new Dwolla-Plaid integration to transform its survey payout process. Their platform enables users to complete surveys in exchange for payments, and by employing Dwolla's integration with Plaid, they can securely and instantly verify user accounts and initiate payments through a single API.
"We found the integration with Plaid via Dwolla to be remarkably simple, which translates directly to reduced maintenance complexity on our end," said Jenna Johnson, Director of Product at Branded Research. "It has allowed us to streamline user account verification, reduce complexity and free up our team to focus on other priorities."
Looking ahead, Dwolla plans to further enhance this unified solution by integrating additional Plaid functionalities—including identity data, expanded transaction insights and Plaid Signal for advanced ACH return risk scoring—delivering even deeper network-powered insights for risk management and operational efficiency.
In addition to the unified API solution, Dwolla and Plaid can work together through the Secure Exchange Solution, which allows clients to maintain a separate contract and API integration with both companies. This flexible model ensures businesses have the tailored connectivity options they need to meet their unique payment process requirements.
For more information about Dwolla's Open Banking Services and this new integration with Plaid, please visit www.dwolla.com.