BBVA Compass, payments processor Dwolla launch real-time bank transfer

April 8, 2015 7:39 PM

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NEW YORK, April 8 (Reuters) - BBVA Compass, a unit of Spain's BBVA group has teamed up with Iowa-based payments processor Dwolla for the launch of a real-time money transfer, both companies announced in a statement on Wednesday.

Dwolla has been an emerging player in the payments-processing business. It has been identified by Goldman Sachs in a recent report as one of the more promising players seeking to provide merchants with lower cost electronic payments.

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