USA is good at creating systems but not improving them or adapting to newer tech.
Even their credit-card system is the worst in the world. In India (and even in Europe), they follow the VBV (Verified by Visa) and 3D Secure (MasterCard) standards which means a one-time password will be sent to user's mobile for verification before every card transaction. But in USA, they still follow the old system of simply using the card number and CVC (which is a static credential and easily lost) which results in a lot of credit card frauds.
Even their credit-card system is the worst in the world. In India (and even in Europe), they follow the VBV (Verified by Visa) and 3D Secure (MasterCard) standards which means a one-time password will be sent to user's mobile for verification before every card transaction. But in USA, they still follow the old system of simply using the card number and CVC (which is a static credential and easily lost) which results in a lot of credit card frauds.