JPMorgan, Wells Fargo and other big banks explore how to sidestep debit swipe fee caps
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Several major US banks, including JPMorgan and Wells Fargo, are exploring ways to circumvent debit swipe fee caps. Some reports suggest this may involve acquiring a debit card network, with Fiserv's network potentially being sold to the banks. The potential deal's implications and the banks' motivations are still unclear, with some outlets framing it as a move that could increase costs for consumers.
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