Fiserv Stock Rises on Reports of Potential Sale Talks for STAR Network Unit
Fiserv's stock rose nearly 2% as reports emerged that the company is in discussions with major banks to sell its STAR debit card processing unit. This development occurred despite a broader market decline, with the S&P 500 falling by 0.5%. The potential sale could allow acquiring banks an exemption from federal debit-card fee caps.
Tickers: $BAC $FI $JPM $PNC $WFC
Topics: Debit Card Processing Fintech STAR Network