FI · News · 20260707N

Acquisition / Partnership / Divestiture

FI · 2026-07-07 · Importance 34 · Surprise 42

JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group reportedly held preliminary discussions about acquiring Fiserv’s STAR Network debit-processing business. The reported transaction would represent a potential divestiture of a Fiserv-owned payments network, although no purchase price, valuation or transaction timeline was disclosed. Bank of America is reportedly evaluating the network to gain more direct control over debit transactions and reduce exposure to federal interchange-fee limits.

Key facts

• Shares of Fiserv climbed more than 6% in premarket trading after reports that several of the largest US banks had explored acquiring one of the fintech company's debit-card networks. source