If 3D secure was mandatory everywhere that would help a lot, but if I understand correctly, it’s not really used in the US and with them being so big, card issuers are largely forced to allow non 3D secure requests or their clients will be unable to use their cards for too many things.
So an enormously good anti-fraud mechanism is severely handicapped.
It’s really frustrating for most of the rest of the world.
I don’t get it, do US citizens prefer being defrauded over what is perceived as a slight inconvenience?
Even for non-victims of fraud, they still pay for the fraud as all merchants up the prices of their goods to cover fraud costs/insurance.
So an enormously good anti-fraud mechanism is severely handicapped.
It’s really frustrating for most of the rest of the world.
I don’t get it, do US citizens prefer being defrauded over what is perceived as a slight inconvenience?
Even for non-victims of fraud, they still pay for the fraud as all merchants up the prices of their goods to cover fraud costs/insurance.