The PIN system as used in Europe (or at least where I live) always requires you to physically enter your PIN-Number with any purchase, even online. The card alo

The PIN system as used in Europe (or at least where I live) always requires you to physically enter your PIN-Number with any purchase, even online. The card alone is useless as you MUST enter the PIN-Number, and 3 wrong tries blocks the card permanently. To make purchases online your bank would send you a small device which takes: a number supplied by the online website indicating your purchase, your card and then asks you for a PIN-Number. It then does some magic and outputs a number that you would need to verify the purchase. It seems that this is not that same type of system or am I mistaken in some way? Seems to me that it would have helped; my account number/card number/exp. date are useless on their own.