The agreement intends to improve Dwolla's A2A solution's capacity to offer a simplified payment process for mid- to enterprise-sized enterprises by adding sophisticated account verification capabilities.

By combining Dwolla's A2A payment technology with Visa's new open banking solutions, the partnership aims to make it easier to verify account ownership and do real-time balance checks. The goal of this connection is to provide businesses with a streamlined, unified way to manage payments made through their bank accounts.

By merging Dwolla's Open Banking Services with Visa's dependable infrastructure, a comprehensive solution for more securely gaining access to Instant Account Verification (IAV), balance checks, and A2A payment methods is created. Through Dwolla's single API, this connection aims to simplify and shorten the time-to-market for A2A payment solutions, giving businesses a more seamless implementation experience.

The partnership between Dwolla and Visa was revealed not long after Dwolla unveiled its Open Banking Services, which enable quick and safe A2A transactions for organizations of all sizes via a single API.

"We're thrilled to collaborate with Visa on providing innovative solutions in the open banking space," stated Dave Glaser, CEO of Dwolla. We're providing finance and IT teams at enterprise-sized businesses with a strong, unified payment experience by integrating financial data supported by the strength of the Visa network and A2A payments into a single solution.

Head of U.S. Visa Open Banking Solutions Haley Nusbaum stated, "We are thrilled to collaborate with Dwolla to support their customers in streamlining financial operations." By giving businesses access to cutting-edge bank verification capabilities, this integrated solution improves the overall effectiveness and security of their payment procedures.