New mobile payment service from Fiserv to contend with Square and PayPal


Skift Take

The mobile payments space is as competitive right now as mobile mapping, which makes it a fascinating time to follow the action as the next generation of Visas and Mastercards get their sea legs.

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 iPad