in

Twitter Money: Dwolla Enables P2P Payments Via A Tweet

Pound Dwolla Twitter Money P2P Payments Via a Tweet

The Des Moines, Iowa start-up introduced a new way to make sending money easier – by tweeting it. This feature ties a Twitter account to a Dwolla account, allowing users to send money with a tweet.

Pound Dwolla Twitter Money P2P Payments Via a TweetKnown as the weekend project, available at pound.dwollalabs.com, it is designed to demonstrate convenience and potential value of Dwolla‘s platform and its API.

In order to send money, the sender needs to set up a connection between two accounts using the PIN code for the Dwolla account. The sender also needs to send a tweet with the amount to send, the hashtag #dwolla, and the Twitter handle of the recipient. The money is, then, deposited to the linked Dwolla account of the recipient.

Another benefit to the Dwolla is the feature becomes an acquisition tool when non-Dwolla accounts are prompted to open an account in order to enjoy transferring money through tweeting.

However, there are still questions on how secure Twitter is. If left open, a third party application might be used to access the account and could become a portal for an unauthorized user to tweet funds spontaneously.

Source: mobilepaymentstoday.com

Covered by my Visible Banking Team

Join the conversation here, via twitter or on our Facebook page.

What do you think?

0 points
Upvote Downvote

Written by Christophe Langlois

Based in London, Christophe is an entertaining social media keynote speaker and a trusted advisor to the global financial services industry on the topics of social media, social business and digital innovation.

Christophe has contributed to over 140 events in 18 countries.

Currently, Christophe is 'Social Media Senior Managing Consultant' at IBM Interactive Experience. He's also a Digital Advisor at the Financial Services Forum and the Moller Centre (part of the Churchill College in Cambridge).

Christophe's views on VisibleBanking.com are his own, not necessarily his employer's.

Leave a Reply

Your email address will not be published. Required fields are marked *

Top News Social Media Financial Services 14 December 2012 Visible Banking

6 Unmissable Social Media Financial Services News Today #5

UK Government Will Fund Fifty Five Million Pounds to P2P Lenders To Help Small Businesses

UK Government Will Fund £55m to P2P Lenders To Help Small Businesses