Major banks explore Fiserv debit network acquisition to bypass Durbin Amendment
JPMorgan Chase, Bank of America, Wells Fargo, PNC Financial Services signaled an acquisition thesis in Preliminary acquisition discussions on July 8, 2026.
- Primary
- JPMorgan Chase, Bank of America, Wells Fargo, PNC Financial Services
- Counterparty
- Fiserv
- Structure
- Preliminary acquisition discussions
- Date
- July 8, 2026
- Sub-sector
- Payments
Banks seek ownership of payment networks to circumvent Durbin Amendment interchange fee caps and gain competitive advantage in payments infrastructure.
Source: dailycaller.com