Major Banks In Talks To Exploit Debit Card Loophole…

Major Banks In Talks To Exploit Debit Card Loophole - Slashdot

JPMorgan, Bank of America, Wells Fargo, PNC, and other major banks have reportedly explored acquiring Fiserv's debit-card networks, STAR and Accel, in a move that could help them bypass federal caps on debit-card transaction fees. A law limits the fees big banks can charge merchants, but only if the...