"The first completely new payment system in 30 years"

Dwolla founder Ben Milne. Image from Business Insider.com

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'