Secure Data Exchange for Payments | Dwolla

Securely Exchange Data

Processing payments digitally while managing risk and avoiding fraud requires various levels of verification and data checks. Through Dwolla’s Secure Exchange solution, you can easily integrate with our data partners and securely exchange information between their APIs and the Dwolla API.

Modernize Your Payments

SECURE EXCHANGE SOLUTION

Access to Open Banking

The Secure Exchange Solution prioritizes flexibility that allows us to bring on new data providers quickly and easily.

The reduction in complexity and time investment on our end allows us to remain nimble and make continuous improvements to the solution. As we grow and expand our offerings, that same flexibility will be offered to our clients, who will be able to configure a solution to meet their needs, all under the umbrella of one Dwolla integration.

Create an exchange, pass it to the endpoint and access the desired functionality. With minimal engineering resources, you’ll be able to unlock the power of Open Banking and delight your users with a secure, tokenized experience.

Tokenization

Reduce the amount of sensitive customer information being stored on your platform, and share information in a secure format to protect it from bad actors.

Flexibility

Get access to a lot of functionality through a single token, and easily add or switch between data providers with a limited amount of development effort.

Current Partners

We’re currently partnering with Plaid, MX, Finicity and Flinks for bank verification functionality, with plans to expand to other partners in the future.

“Embracing Dwolla’s Secure Exchange Solution is another step in embracing an open finance ecosystem that champions both security and innovation for the good of consumers and businesses. Together, we’re helping usher in a new era of digital financial services that fosters inclusivity and accessibility.”

MX Vice President

Automate your payments in as little as ten days.

Dwolla's full-service approach replaces legacy payments technology with a single solution, improving security, data visibility and the customer experience.

Key Benefits

What changes for your team

Outcomes that matter to the teams responsible for payments, product delivery, and operations.

Data Stays Protected

Sensitive bank account information is exchanged directly between Dwolla and your financial institution partner. Your platform is not required to handle raw data.

Simplified Compliance

By keeping sensitive data out of your systems, Secure Exchange reduces your audit scope and compliance requirements around data handling.

Partner Connectivity

Connect your platform to financial institutions through Dwolla's established partner network. Secure data exchange is built into the connection.

Works with Dwolla Connect

Secure Exchange is a core component of Dwolla Connect, enabling enterprises to maintain their existing bank relationships with enhanced data security.

How It Works

From integration to production

A clear path from first API call to live payment operations.

01

Establish partner connections

Dwolla connects your platform to your financial institution partners with secure data exchange built into the integration.

02

Exchange data securely

When payments require bank account data to flow between your platform and a financial institution, Dwolla handles the exchange without exposing raw data.

03

Maintain audit trails

Every data exchange is logged and traceable. Your compliance team has full visibility into what was exchanged, when, and with whom.

Built for Scale

Trusted by platforms and enterprises

Keep payment data where it belongs

See how Dwolla's Secure Exchange helps your platform share sensitive payment data with partners without increasing your compliance surface.