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This is only the tip of the iceberg. I would say the bigger issue and thr lower hanging fruit is that we don't use Chip+Pin or Chip+Signature here in the US. Us
by djchen 13y ago
This is only the tip of the iceberg. I would say the bigger issue and thr lower hanging fruit is that we don't use Chip+Pin or Chip+Signature here in the US. Using either tech will go much further than just having police departments investigate after the fact.
- pmjordan 13y agoThat doesn't really help for online transactions. I'm not aware of any 2-factor authentication being used for online credit card transactions anywhere.
- pathy 13y agoActually, I more often than not have to verify my online purchases. I have to use my bank's online banking card reader with my card and pin code. It is not the case for all transactions but for most Swedish online transactions this has been the case for the past few years. It is called something along the lines of 3-D secure/Verified by Visa
- djchen 13y agoThat is true, I was referring solely to Target where it was physical transactions. There are other solutions that can be implemented for card not present transactions.
- cataflam 13y agoI've seen those : - additional verification code sent by SMS (France), see http://en.wikipedia.org/wiki/3-D_Secure http://en.wikipedia.org/wiki/3-D_Secure - bank provided card reader used with the card and pin code (Belgium)
- reubensutton 13y agoMost online card transactions in the UK use a system called verified by visa (or it's MasterCard equivalent), which shows you a phrase you previously specified (to prove it is legitimate) then asks you to enter 3 characters of your password.