Cheryl Winokur Munk

The lack of a government requirement has slowed adoption in the U.S., but there are signs demand is picking up.

Digital transaction risk draws attention to dynamic CVVs for cards.

Not all banks and fintechs are on board with numberless cards, and some payment professionals question whether they are worth the cost.

Banks that don't focus on credit cards for this market may find larger banks and fintechs are eating their lunch.

As 2024 comes to a close, trends such as open banking, fights over credit card fees and the future of faster payments are still in flux.

The use cases are growing and banks don't want to risk being left behind, especially with younger customers who are more open to the technology.

Blockchain-powered transactions for businesses are still in their infancy, but use is expected to grow and banks stand to lose if they don't get up to speed.

Payment professionals expect physical cards to stick around for the foreseeable future, even as mobile wallets gain traction.

Bank of America, Wells Fargo and U.S. Bank are among the institutions taking advantage of regulatory tailwinds to get more aggressive.

As regulators and Congress push for stronger consumer protections as losses mount, payment experts say there are steps companies should be taking now to respond.

The new bank-led digital wallet is signing up financial institutions, but payment experts say broadening its merchant base and reaching consumers will be an uphill climb.

Crooks can use deepfakes and other machine learning tools to circumvent traditional authentication security methods. Payment experts discuss how firms can protect themselves.

Goldman Sachs, Capital One and Wells Fargo have all suffered pitfalls in their merchant partnerships. Payment experts discuss how issuers can keep retailers and consumers onboard.

Bank of America, Citigroup, HSBC and others are increasingly using sustainable and recycled materials for manufacturing

Westpac, Capital One and JPMorgan Chase are offering savings accounts and debit cards to children below 10, using financial literacy to get an edge in building consumer relationships.

The payment option has grown beyond underbanked consumers. For issuers, a $1 trillion market is at stake.

The big box retailer's move comes amid a broader decline for the traditional payment option.

The tech giant is enabling users to pay by holding smartphones together, potentially cutting into the market for Zelle, PayPal and Venmo.

Fizz offers a card that enables undergrads to slowly build a debt record based on healthy spending habits, providing an alternative as regulators pressure how financial services are marketed to that demographic.

In the U.S., the COVID-19 pandemic and other factors caused a sharp reduction in cash use. But with paper bills still accounting for nearly a fifth of all payments, the option is still far too entrenched to risk extinction.