A debit-card network is not usually the kind of asset that gets Wall Street excited.
That may be changing
Major U.S. banks have been exploring whether to buy a debit-card payments network owned by Fiserv (FISV), Reuters reported, citing a source familiar with the matter. The Wall Street Journal first reported the talks. Fiserv shares rose after the report.
The stock was recently trading at $52.88, up 2.1%, around midday July 7, according to Yahoo Finance. Shares opened at $54.03 and traded between $52.70 and $55.36 during the session. The question is whether one of Fiserv’s less-visible payments assets could be worth more to banks than the market has given the company credit for.