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> There is zero verification that you are in fact the cardholder This is not entirely true, this is location/bank specific. For my card, I just have to perfor
by whstl 3y ago
> There is zero verification that you are in fact the cardholder
This is not entirely true, this is location/bank specific.
For my card, I just have to perform additional verification whenever necessary, by using 3D Secure. Currently I authorise or reject from an application.
Before smartphones, I had to use a tiny electronic token generator keychain.
I remember implementing the technology on software that I worked at in the late 2000s, when it had another name.
- crote 3y agoYes, which is why I specified "or at least used to work until very recently". We're slowly moving in the right direction. 2FA is available with some credit cards for some transactions, but until it's mandatory for 100% of transactions the problem still remains.
- nottorp 3y agoAll credit cards in Europe. But with out of Europe stores it's a tossup if they use 3D secure or not.