Fiserv Lets Banks Compete With Square, PayPal in Mobile Payments
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Fiserv Inc., a provider of transaction and technology services for financial institutions, is introducing a mobile payment device that will allow banks to compete with Square Inc. and EBay Inc.’s PayPal.
Fiserv, which has 16,000 clients, will announce today a black attachment called SpotPay that lets iPhones and iPads accept credit and debit cards, and deposit checks into bank accounts, Rahul Gupta, group president of digital channels at Fiserv, said in an interview.