AI Prospecting for CARDS

In 2025, the card industry is marked by significant trends and developments. The prepaid card market is expected to grow from $24.91 billion in 2024 to $28.37 billion in 2025, driven by regulatory changes, consumer preferences, and financial inclusion initiatives[2].Corporate cards are evolving with AI-powered spend controls, virtual and single-use cards, enhanced security features, and a focus on sustainability and ESG rules[3].Gen Z is anticipated to open more new credit card accounts than any other generation in 2025[4].Litigation and regulatory actions against card brands, including an unresolved antitrust suit against Visa and Mastercard, will continue, alongside potential significant changes from Capital One's proposed acquisition of Discover[5].

Capital One has received final regulatory approval for its $35 billion acquisition of Discover Financial, making it the nation's largest issuer of credit cards. The merger, approved by the Federal Reserve, Office of the Comptroller of the Currency, and the Justice Department, is set to close on May 18, 2025[1][4].

Capital One has received final regulatory approval for its $35 billion acquisition of Discover Financial, making it the nation's largest issuer of credit cards. The merger, approved by the Federal Reserve, Office of the Comptroller of the Currency, and the Justice Department, is set to close on May 18, 2025.