Fiserv in talks with major US banks to sell debt card network.

Fiserv is reportedly in discussions with America's leading banks to take over its debit card payments infrastructure arm in an effort to bypass federal card caps.

Fiserv Inc.
07 July 2026 10:31:54

Source: Sharecast

According to a report by The Wall Street Journal, lenders including JPMorgan, Bank of America, Wells Fargo and PNC Financial Services Group have all held talks with Fiserv over recent months regarding its STAR Network.

The network is responsible for routing debit, ATM, e-commerce, and transactions between consumers, merchants and banks.

Currently, the Durbin amendment to the 2010 Dodd-Frank Act caps transaction fees paid to banks by merchants when they use an external network. If the bank itself owns that network, however, then it would be exempt from the limit.

So-called interchange fees have been a contentious issue for many years between banks and lawmakers, with banks arguing that the income generated previously enabled them to offer free current accounts and debit-card rewards programmes.

Fiserv futures were up 7.2% at $55.51 in pre-market trading on Tuesday, following a 70% drop over the past 12 months.

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.