Iowa-based social payments vendor Dwolla won a "best of show" award at this week's Finovate Spring 2011 show in San Francisco.

Ben Milne, founder of the Des Moines, Iowa, company, was one of 64 companies given seven minutes to demonstrate their products in front of a crowd of several hundred executives, venture capitalists, analysts and other entrepreneurs.

Milne, whose company is backed by The Members Group and a Veridian Credit Union CUSO, presented his company's new FiSync technology, which allows credit unions to integrate the mobile person-to-person and geo-locator functions of Dwolla into existing systems at credit unions and banks.

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