Ben Milne: How does Dwolla FiSync handle settlement of payments between banks?

Asked Nov 5, 2015· 1 answer

Faisal KhanAnswered Nov 5, 2015

Dwolla's FiSync is an RTGS solution essentially. All members settle with the settlement bank (at least once a day if not more to reduce investment exposure). Think of it no different than any other RTGS, except this one is in private hands, i.e. more efficient.

Ben Milne can elaborate more.

Payment Infrastructure Real-Time Gross Settlement (RTGS)Account-to-Account Payments Payment Clearing

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