Friday, November 11, 2011

"The first completely new payment system in 30 years"

Dwolla founder Ben Milne. Image from Business
LinkedIn just featured this story from the Business Insider website, and it's a natural for the business innovation ideas we've been talking about.

Dwolla is "an innovative online payment system that bypasses credit cards completely."

By using the existing bank-to-bank ACH system and charging only $.25 for a transaction of any size, this startup is now moving $350 million a month.

'via Blog this'

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