Ace Community Credit Union Taps Dwolla To Expand Members’ Online, Social Payments Capabilities
(Des Moines, Iowa – July 21, 2011) – Ace Community Credit Union is providing its members with an easy and secure option to access their funds as a result of its relationship with Dwolla — the nation’s only online, mobile, social and location-based cash platform that connects users through a social community to share and spend money.
Ace Community members will be able to access Dwolla through the Ace Community website at aceccu.com. After signing up for a Dwolla account, members will be able to make payments to or receive money from anyone with an e-mail address, as well as their Facebook and Twitter friends.
In addition, members will be able to download the Dwolla mobile application, which allows users to make payments via their smartphone. The app also allows a user to access Dwolla Spots, a feature that displays a map of Dwolla-accepting merchants based on their smartphone’s current location.
Ace Community was introduced to the Dwolla platform by its card processing partner The Members Group (TMG), which is currently distributing the product to community FIs across the country.
“As the ways in which our members’ want and need to manage their money evolve, so do the products and services that we look to offer,” said Tim Wallen, Ace Community president/CEO. “Dwolla has married cutting-edge technology with everyday need to offer a product that gives our members an immediate benefit.”
About Ace Community Credit Union
ACE Community Credit Union is a member owned not-for-profit financial institution that has been serving Story and the surrounding counties since 1930. Ace CCU is committed to providing its members with products and services to meet their needs and to help achieve their financial goals. To learn more about ACE Community Credit Union visit www.aceccu.com or stop by 212 E. Lincoln Way in Ames to become a member.
Dwolla is the nation’s only online, mobile, social and location-based cash platform that connects to your social community and location to share and spend money. Using proprietary technology and business partnerships with The Veridian Group and The Members Group, Dwolla allows consumers and organizations to send and receive money from their bank accounts for only 25 cents per transaction, no matter the transfer amount. Unlike traditional payment platforms, Dwolla takes the industry in a new direction by allowing people for the first time to share money with their social networking contacts. Founded in 2009, Dwolla is based in the heart of Silicon Prairie, Des Moines, Iowa. For information about Dwolla and its unique cash platform, please visit www.Dwolla.com.
TMG is a wholly-owned subsidiary of the Affiliates Management Company, which is owned by Iowa credit unions and their members. As a financial and credit union service organization (CUSO), TMG is dedicated to providing innovative and flexible card processing and payment solutions to credit unions and financial institutions across North America. TMG’s core products include credit, debit, ATM and a variety of ATIRA-branded prepaid solutions, as well as online reporting, ACH and ALM services. For more information, visit www.TheMembersGroup.com.