How much do you want to bet that Fiserv does sell to those big banks but the deal still has Fiserv operating the network. Meaning basically nothing changes other than some money. This allows the banks to bypass the regulations and Fiserv keeps doing its thing. Imagine how difficult it would be to pull Star out of Fiserv at this point, I would say a minimum of 5 years to unwind that beast.
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@av Fiserv didn’t, the interested parties did. Rumor, could be a smoke screen
@a7 they backed out of selling STAR? How do you know? And why did they?
They backed out.
@a1 FedNow doesn't replace debit card acceptance at merchants or ATM access. FedNow competes against ACH, wires, bill pay, payroll etc. And x042 is relevant with agentic commerce, stablecoin settlement, API monetization etc. and still not a replacement for STAR/Accel.
Honestly it sounds like you don’t understand the network business, like many on here. Star is a duplicate of Accel, meaning they have two things doing the same thing. That’s inefficient. Star is low cost high volume. Worse margins than Accel. Transaction processing is moving away from this 1980’s architecture. The industry is moving toward the internet, FedNow, x402. It’s a good move to dump one network while there is still value.