> physically show numbers That is backwards compatibility, not lack of innovation. You have (some) cryptography on the chip. > Checks physically show numbers

> physically show numbers That is backwards compatibility, not lack of innovation. You have (some) cryptography on the chip. > Checks physically show numbers That, again, is backwards compatibility. > ACH, involves banks FTP-ing massive text files Yes, that sucks. > no used standard for peer to peer Wire transfer? > Massive data breaches by banks Massive data breaches by everyone, this is not a bank problem - this is an industry-wide problem. > response to endemic fraud is to revoke cards What is your point here? Would you prefer to revoke a certificate instead? But we already established that pesky concept of backwards compatibility and real world.