Small Delaware CU To Pilot Fiserv’s SpotPay Mobile Payments Technology

SEAFORD, Del. – Seaford FCU announced this morning it will implement Fiserv’s new SpotPay solution, which enables credit unions and banks to offer their small business account holders an anywhere, anytime mobile solution to accept both card and check payments from a smart phone with a SpotPay reader.

“We are incredibly excited about the SpotPay offering and are eager to bring it to our small business members,” said Veronica Nhan-Nock, branch manager for the $20 million credit union. “We are planning our own customized launch of SpotPay, but in the meantime, we really appreciate that Fiserv is helping us to bring this service to our small business members quickly by enabling them to enroll at www.spotpay.com.”

Using SpotPay, merchants are able to swipe credit, debit and prepaid cards with their mobile device to accept payments. SpotPay offers merchants the ability to deposit checks using the mobile remote deposit capture feature that allows users to securely take a picture of the front and back of a check and deposit the item electronically.

Small businesses that enroll at www.spotpay.com will automatically be matched to their participating credit union or bank.  The credit union will also receive the benefits of the enrollment, including co-branding and incentives.

If the SpotPay user’s credit union or bank isn’t yet a SpotPay member, the merchant will be enrolled directly until their financial institution joins SpotPay.

SpotPay from Fiserv is available to financial institutions that are part of the ACCEL/Exchangepayments network.