Meanwhile, the only problem with the old [card] tech has been reliance on magnetic strips that can and do wear out or get erased. So replace them with invisible IR barcodes or something. Or maybe *contact-full* chips that require touching something
Uh, so you don't already HAVE chips?! My EC card has had them for years. All ATMs use the chip, and magnetic strips only work as a fallback option (though there are safeguards against simply using a copied card without chip).
I am curious, what are the options for online banking in the US today? When I was a customer of Citibank in the US in 2001, it was just username/password (I had an HBCI encryption chip on my German card then...)