It boggles my mind that the whole US has this outrageous amount of fraud because they’re complete laggards with what is pretty much standard additional security

It boggles my mind that the whole US has this outrageous amount of fraud because they’re complete laggards with what is pretty much standard additional security measures everywhere else. Look at how long it took them to move to chips on their cards. And I heard they initially required signatures instead of safer PINs, I hope they’re on PINs by now, but I don’t know. If stores are worried that if they implement things like 3D Secure their customers will go to their competitor which do not, then the solution is simple, make it a regulatory requirement that EVERYONE must do it by a particular date. Merchants will still try claim that it will confuse customers, but the truth is they would prefer to avoid the hassle of implementing it. The problem is these merchants already build the cost of fraud into their prices, in essence they’re passing on the cost of fraud to all their honest customers. Also, how much time is collectively wasted by people having to deal with the admin of fraud on their credit card which is also largely due to apathetic merchants. It would be a NETT benefit to US society if 3D secure was mandated. And not just in the US, the rest of the world would no longer have to suffer with fraud on their credit card where it was used on a US website which doesn’t have 3D Secure.