Visa Abandons Open Banking in US as Data-Access Debate Rages
Visa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect of higher fees for customer information, according to people familiar with the matter.The payments company has closed its open-banking operations, which provide technology to help third parties such as financial-technology firms access customer-account data, the people said, asking not to be identified discussing a private matter....
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