Fiserv Debit Network Sale Skepticism Abounds

Fiserv debit network sale skepticism abounds

The payment processor reportedly has considered selling a debit network to one of several banks, but many analysts doubt it will happen.

Can banks skirt the Durbin Amendment by owning a debit network?

Some of the country's largest banks such as JPMorganChase, Bank of America and Wells Fargo, are reportedly considering an acquisition for Fiserv's debit card networks as a workaround to interchange caps instituted by the so-called Durbin Amendment in the Dodd-Frank Act. It's an idea that looks good on paper, but could be harder to actually implement.

3 Ways Fiserv’s Payments Network Sale Could Reshape Payments

According to the Wall Street Journal, JPMorgan, Bank of America, Wells Fargo, and PNC are in conversation with Fiserv about acquiring its two debit payment networks, STAR and Accel. While there is not an official deal on the table, the initial discussions surrounding the sale raise important questions about the future of the payments infrastructure in the US. If a sale of the payment networks does take place, the impact would extend far beyond F…

JPMorgan and major banks eye $15B Fiserv debit network as payments sector struggles

Major banks' interest in acquiring Fiserv's STAR network highlights potential shifts in transaction fee structures and regulatory challenges. The post JPMorgan and major banks eye $15B Fiserv debit network as payments sector struggles appeared first on Crypto Briefing.