Big Banks Eye Fiserv Debit Networks to Sidestep Fee Caps
JPMorgan, Bank of America, Wells Fargo and PNC have floated buying Fiserv's STAR or Accel debit networks. Owning the infrastructure would let them dodge the Durbin Amendment's cap on interchange fees, potentially boosting bank revenues and raising merchant costs. The talks are tentative but markets reacted positively, with bank shares up in pre‑market trade.