TLDR Tech / Fintech
Fiserv explores sale of debit card network to big US banks
Fiserv has reportedly held talks with JPMorgan, Bank of America, Wells Fargo, and PNC about selling its STAR Network debit payments infrastructure business as part of a broader turnaround effort. A deal could give large banks more control over debit routing and potentially help them navigate federal debit-card fee caps, though some potential buyers are reportedly wary of regulatory, lawmaker, and merchant backlash.
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