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Dwolla Partners with Cross River to Unlock Real-Time Payments


April 6, 2021

2 min read

Cross River is the trusted financial services organization that merges the established expertise of a bank, with the innovation and product offering of a technology company.


April 6, 2021

Dwolla Partners with Cross River to Unlock Real-Time Payments

Payments innovator continues to be the pioneer of real-time payments, executing on its vision by adding RTP to its payment platform

DES MOINES, IOWA - Dwolla, a modern payments platform, releases access to Real-Time Payments, an instant* payment option that can send money directly to a bank account in seconds using the RTP® Network.

Dwolla’s solution for programmable Real-Time Payments powered by Cross River Bank comes after a decade of experiences in faster payments. The company contributed to the Federal Reserve Faster Payment Task Force and Mojaloop initiatives in partnership with the Bill and Melinda Gates Foundation to truly refine a customer-centric real-time experience. Today, businesses can integrate Dwolla’s payment API to connect with RTP-enabled financial institutions and send funds within seconds to a bank account. Existing clients can change a single line of code to initiate an RTP transaction using the Dwolla API.  “Today is game-changing,” says Dwolla CEO Brady Harris. “Not just for adding real-time payments to Dwolla’s payments technology. But because of how we collaborated with a forward-thinking financial institution to make real-time payments easily accessible to businesses of all sizes. The immediacy of real-time payments will fundamentally change how businesses operate. As electronic payments continue to grow in adoption, RTP is the perfect complement to our ACH and Push-to-Debit offerings.” By integrating Dwolla’s simplified API, businesses have the flexibility to initiate transfers across multiple payment modalities (ACH, Push-to-Debit, RTP) to their vendors and customers for an ideal experience. In partnership with Cross River, Dwolla has lowered the barrier for its clients to access the RTP® Network for instant* bank transfers that are available 24 hours a day, every day of the year.

“We are always working on ways to provide our partners with the most innovative and cutting-edge solutions to align with their needs,” said Adam Goller, EVP, Head of Fintech Banking at Cross River. “The payments space is rapidly evolving to meet customer demands and instant transactions are the next wave. We are excited to power Dwolla’s new, Real-time Payments offering, positioning us to lead the industry into the future.”

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