JPMorgan, Bank of America, Wells Fargo, PNC, and other major banks have reportedly explored acquiring Fiserv's debit-card networks, STAR and Accel, in a move that could help them bypass federal caps on debit-card transaction fees. A law limits the fees big banks can charge merchants, but only if the transactions are routed through an outside network. There are no caps on these interchange fees over a bank-owned network, however. The Wall Street Journal reports: When Capital One Financial bought Discover Financial in a $50.6 billion deal, it got a network that cut out the need for a middleman in card transactions and allowed it to deal more directly with merchants. Now, big banks are looking on with envy because owning a network can mean exemption from a federal law that caps debit-card fees. Those fees collectively amount to billions of dollars each year across the industry, but banks have long complained the government-defined cap limits their ability to offer customers debit-card rewards and other services. Some have been exploring a small deal that could upend the rules, though they are worried about political backlash if they try. Big banks including JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial Services Group have in recent months held preliminary and tentative discussions about a deal to acquire a network owned by the financial-technology company Fiserv, according to people familiar with the matter. There is no certainty a deal will happen. Several of the banks that looked at the Fiserv network have already decided it would be unlikely for them to move forward, some of the people said. Some have privately expressed concern that such a deal could prompt backlash from lawmakers, regulators and merchants, the people added.

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A criminal complaint against alleged Scattered Spider member Peter Stokes revealed that Microsoft can associate Windows activity with a persistent "Global Device ID," which investigators used to link his PC to online activity connected to a hack. While unique device IDs are common, the case has raised privacy concerns because the identifier can apparently persist across updates, has no simple opt-out, and may allow Microsoft to connect a Windows installation to activity on third-party services. PCMag reports: Last week, the U.S. announced it had extradited 19-year-old Peter Stokes from Europe for allegedly being a member of the notorious hacking group Scattered Spider. But the case stands out because Microsoft played a key role in linking Stokes to the suspected hacking crimes, according to an unsealed criminal complaint. Stokes allegedly hacked an unnamed luxury jewelry retailer in May 2025 while using a VPN. The 39-page criminal complaint shows the FBI used Microsoft records to discover that his IP address was associated with a Microsoft device identifier known as Global Device ID (GDID). "According to a Microsoft representative, a Global Device Identifier in the Windows ecosystem is a persistent, device-level identifier designed to uniquely identify an installation of a Windows operating system on a device, either a physical device (e.g., a mobile phone or laptop) or virtual machine, across certain Microsoft services and scenarios," the complaint explains. The global device ID isn't exactly surprising, given that it's standard practice to assign a unique ID to each account or device so a tech provider can recognize and distinguish between them. But the complaint reveals Microsoft can associate the GDID with third-party services and the timing as well, giving Redmond a way to theoretically track a user's online activity. In other words, Redmond might be able to track the online activity of your Windows PC without third-party browser cookies. Stokes was discovered exploiting a web development tool called ngrok to bypass the jewelry retailer's network defenses. The complaint says Microsoft had records showing that on May 12, 2025, at 19:21 UTC, the GDID associated with Stokes' computer "accessed, among other ngrok pages, 'https://dashboard[.]ngrok.com/signup,' the ngrok page to set up an ngrok account." The document adds that Microsoft records also showed the GDID accessing "multiple sites" from servers at Tzulo, a web hosting provider, to help pull off the hack. Hence, the fact that federal investigators used the Microsoft identifier to nab a suspected hacker is raising concerns that it could be abused for other surveillance purposes. "Microsoft Windows is surveillance software," cybersecurity expert Matthew Hickey alleged in a tweet.

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Nintendo will stop selling the original Switch in Europe in mid-February 2027, nearly 10 years after the console's launch. In its place, the company will release updated versions of the Switch 2 and several controllers with user-replaceable batteries to comply with new EU regulations. The Verge reports: The news comes as Nintendo is making a bunch of changes to the rest of its lineup due to EU regulations requiring user-replaceable batteries. Starting this summer, the company says it will start introducing updated versions of various devices on "a rolling basis," ahead of the regulations coming into effect on February 18th, 2027. "There is no difference in functionality between current products and revised products containing user-replaceable batteries," Nintendo says. The Switch 2 is the most notable product being updated -- the new version is expected to start rolling out in the fall -- but there will also be versions of the Joy-Con controllers, Joy-Con 2, Switch 2 Pro Controller, and N64 and GameCube Switch controllers with user-replaceable batteries. "Due to a variety of factors, revised products may not become available in all European countries simultaneously," Nintendo notes.

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Longtime Slashdot reader AmiMoJo shares a report from the BBC: New PlayStation games will no longer be released on discs from January 2028, the gaming giant has announced. Sony said in a blog post new games would still be able to be bought in shops, but they would come with a digital code. It comes just days after Rockstar announced the hotly-anticipated Grand Theft Auto VI would similarly launch without a physical disc. It marks a significant moment for the gaming industry, which has in recent years begun to rely more and more on digital distribution. Sony said the move came "as consumer preferences and the broader entertainment industry continue to shift away from physical discs to digital." "This is a natural direction for Sony Interactive Entertainment to adapt to consumer trends as the general preference for digital media significantly outpaces physical discs," it added. [...] PlayStation said the move would have no impact on games which are already released, or would be released before January 2028.

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Google has shut down the Tenor API, breaking GIF pickers in services that still relied on it and forcing platforms such as X to migrate elsewhere. 9to5Google notes that the library itself remains available at Tenor.com and "integrations within Google products are also still active, including Gboard, Google Messages, and more." From the report: The Tenor API has been rejecting new API sign-ups in January of this year, but existing integrations remained in place. This week, though, they're shutting down, and any integrations that remain in place will stop working on July 1. The support page adds details that "any API or Ads Distribution Agreements" with Tenor will be terminated on June 30, while "current integrations" will be "fully decommissioned" as of June 30. One of the most notable examples here is Twitter/X, which has relied on Tenor for its GIF picker for years. Twitter/X Head of Product Nikita Bier confirmed that the platform has migrated elsewhere, which is why the "recently used" section was purged, and why you might notice fewer GIF options when posting. Other platforms affected include Discord, WhatsApp, and Bluesky.

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At issue in the case was a post-Watergate law that Congress passed to limit the amount of money individuals can give to political parties.

(Image credit: Chip Somodevilla)