Big Banks Eye Payments Deal That Could Rewire Debit Fees
· pymnts.com
JPMorgan Chase, Bank of America, Wells Fargo and PNC eye buying a debit card network owned by Fiserv in order to avoid interchange fee caps.
Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give l...