Can you explain how this is a deficiency of the US banking system? According to stats I can find, the European central bank reported 1.03B Euros of fradulent t

Can you explain how this is a deficiency of the US banking system? According to stats I can find, the European central bank reported 1.03B Euros of fradulent transaction via cards back in 2019 (https://www.ecb.europa.eu/pub/cardfraud/html/ecb.cardfraudreport202110~cac4c418e8.en.html https://www.ecb.europa.eu/pub/cardfraud/html/ecb.cardfraudre...). So the only way those fraudulent transactions won't hit your bank account is if your bank account is not directly tied to the card, which makes it a credit card by definition (because you are being given credit for purchases and not having to pay for it immediately). So it seems like what the parent is saying is true outside the US as well?