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Dwolla Partners with U.S. Treasury - SeventySix Capital News
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2015-02-20 17:12:09
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~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ DWOLLA + U.S. TREASURY + MICROSOFT SeventySix Capital's portfolio company Dwolla announces a major partnership with the U.S. Treasury Dwolla was selected by the U.S. Department of the Treasury as one of the first Digital Wallet partners, alongside of PayPal (and ApplePay). Dwolla's existing partnerships with Microsoft Government and state administrations and its flexible architecture made it an ideal partner for the U.S. Treasury. The U.S. Treasury is modernizing public payments to ensure that its collection programs stay relevant, safe, and cost-effective for its flagship revenue collections product, Pay.Gov. What is Pay.Gov? Nearly 200 federal agencies, ranging from the Department of Interior to the Department ofDefense, use the U.S. Treasury's Pay.gov platform to create and host custom online payment forms, collecting over 100 million transactions worth approximately $110 billion per year. These simple forms, which hide a sophisticated software and accounting system, allow federal agencies to collect and track non-income tax payments for things like climbing Dena li or court fees. It's a lot like Dwolla Forms, but made exclusively for the federal government. By outsourcing their revenue collection needs to Pay.Gov, federal agencies not only provide taxpayers an improved experience but also streamline their own payment operations. In doing this, they reduce the operational costs, inefficiencies, and foregone payments. Simply put, Pay.Gov increases revenue for agencies and saves taxpayers money. How is Dwolla involved? How would this impact me? Dwolla is now a live payment option for many US agencies (and this will grow over time) - allowing any taxpayer with a U.S. bank or credit union account to use Dwolla's simple and secure online checkout experience to pay for a whole host of federal fees, products, and permits. No cards. No checks. No pre-existing Dwolla account required. No sharing of sensitive payment information with the federal government. What is Dwolla? A secure and modern way to make bank transfers. When Dwolla began building the Dwolla payment network in 2008, they set out to create the ideal way to send money. What they quickly found is that the ideal way to move money has changed since the 1960s and 70s, and the only way to solve the problem was to start over. Starting fresh with over 40 years of technological advancements, Dwolla was able to create an end-to-end payment network that modernized the legacy bank systems-making it easier to use, more accessible, and more secure. Today, Dwolla will work with anyone or anything connected to the Internet, from solo-preneurs to publicly traded companies, exchange infrastructures, to software developers, state governments to financial institutions. Dwolla helps their community rethink their payment operations, product offerings, and user experiences. Create new standards in security and privacy: Dwolla has baked new technologies into its network, like authentication and tokenization, that eliminate sensitive financial information from a typical transaction. Solve problems for all: Free turnkey products, like MassPay or Dwolla Forms, make it easy for anyone to send or receive funds without any existing technical know-how, while a healthy library of developer docs and APIs make it easy to plug Dwolla into nearly any platform, existing operation, or your own creation. Additional levels of support and customization are available and affordable. Create a powerful, but flexible infrastructure: A simple, and dynamic platform, Dwolla was designed to handle the unique considerations of governments. Create a platform for future innovation: Whether its mobile applications, real-time payments, or tokenization, Dwolla benefits are freely accessible via their API and developer documentation, allowing the network to scale and solve for the unique needs of an evolving payment landscape. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SeventySix Capital [http://r20.rs6.net/tn.jsp?f=001N5TEXkCeMMuGGfc2JA_63VOgAZlr7uhIBclWp9xBmkjN_wq0lM85g_5de5ewotInKLTqAS8IYQPgY5cuyG5lGJzWP_0iw8ixTVnPH-ri4bE5tRay8OxwFyd5Tzg68Qcl4gEQYXC5NPfGqPHnTXZY8SPXYtfFJu0fXgLo1xdi_JzewIoEwd17eQ==&c=9ShTvVZHjk5vBOOqOFJ1y9MbJscramYnGd1wkbO1xXr6L_TkkIA32g==&ch=BCNM-VJy88BbFGJHynkTAJnMPMspJdDM8xfV9m7T7Y5wedbY-BSOwg==] Since 1999, Wayne Kimmel [http://r20.rs6.net/tn.jsp?f=001N5TEXkCeMMuGGfc2JA_63VOgAZlr7uhIBclWp9xBmkjN_wq0lM85g7CWQFp4Z0EE20qUw3uFNKU4roV6nHiyL-HH4ZfKN50YoBc1v1LVAuGLDSStDGHK51o5J3naPIrj4c71ueI_rewQArPt731-OO_6fPc2bOVhZDcrAFPCEcL1D263Udv3gw==&c=9ShTvVZHjk5vBOOqOFJ1y9MbJscramYnGd1wkbO1xXr6L_TkkIA32g==&ch=BCNM-VJy88BbFGJHynkTAJnMPMspJdDM8xfV9m7T7Y5wedbY-BSOwg==] and his partners have backed passionate founders of startup and early stage game-changing businesses. 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