Before the internet, and before its pervasiveness (~2010), all, then most, of the credit card transactions were 'card-present.' The US still leads in fraud prev

Before the internet, and before its pervasiveness (~2010), all, then most, of the credit card transactions were 'card-present.' The US still leads in fraud prevention for 'card-present' transactions. The US was optimized for these transactions, so the internet has been a bit of a hassle and or opportunity (e.g. paypal).