Dwolla Launches FiSync, Cuts ACH Wait Times by 2 to 3 Days

 Dwolla is launching "FiSync," a mobile payments front end allowing FiSync will let members of partner financial institutions send and receive money by a number of methods, including phone, web, Twitter and Facebook as well as at retail locations.

Dwolla FiSync will eliminate as much as two to three days of delay when Automated Clearing House transactions occur, and will allow users to directly transfer cash from their bank accounts, without the need for a pre-loaded Dwolla account.

For consumers, Dwolla provides the ability to send, receive, and request funds from any other user, charging merchants and others receiving funds 25 cents per transaction.