A new service from Fiserv Inc. promises to give credit unions a more active role in the revolution that is significantly expanding consumer payments in the U.S.
SpotPay is a merchant payments option inexpensive and portable enough to make accepting credit and debit cards possible for a much larger number of merchants and credit union members, the company said.
"I think in effect we are seeing a revolution in what is meant in the term 'merchant'," explained David Keenan, general manager of network services for Fiserv in Brookfield, Wis. "Now, with SpotPay, your babysitter can take debit card payments at the end of the night."
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