Big Banks Eye Payments Deal That Could Rewire Debit Fees

banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a way around federal fee limits they have opposed for more than a decade. The Wall Street Journal reported Monday (July 6) that JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group have held preliminary discussions in recent months about acquiring a debit card network owned by Fiserv.