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Offering mobile POS systems for small businesses can represent a big opportunity for credit unions, according to a March 2012 survey by Phoenix Marketing International.

The report showed 30% of surveyed small businesses with less than $1 million in annual sales would like to use smartphones or tablets to receive and process debit or credit card payments.

“Mobile payments platforms are more than just a credit card reader that plugs into mobile devices; they can be a lifeline for small businesses and a source of revenue for credit unions,” said David Keenan, general manager of Network Solutions at Fiserv, which began offering its mobile POS solution SpotPay to credit unions in the fourth quarter of 2012.

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