Dwolla scores real-time bank deal
Payment network operator Dwolla Inc. has launched “the most important partnership we’ve had to date,” Fortune reported. That’s how founder and CEO Ben Milne describes his company’s new deal with BBVA Compass, a subsidiary of BBVA Group. Although the parent company has its headquarters in Spain, BBVA Compass is based in Birmingham, Ala., and is one of the 25 biggest commercial banks in the U.S. by deposit market share. Beginning on Wednesday, BBVA Compass customers can send and receive money instantly over Dwolla’s payment network.
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