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This past September, Dwolla launched its Same Day ACH Pilot Program which offers members advanced access to Same Day ACH. Yesterday Dwolla announced that Same Day ACH is now out of pilot and available to all approved Access API partners and Same Day ACH has been added to the Dwolla Access API.
In recent weeks, there have been a number of highly publicized cyberattacks on US banks. These attacks take the form of Distributed Denial of Service (DDoS) attacks, involving enormous amounts of traffic being sent to Internet-facing banking services, rendering them unusable.
Open Banking has launched two API specifications; Accounts and Transaction Information and Payments Initiation. These API specifications will allow banking customers and small business to share their financial data with third-party applications, and will be live from January next year.
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