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.