alt Hacker NewsThere is a 3DSecure system for existing Visa, Mastercard, and American Express. After typing your card numbers, the transaction doesn’t immediately go through but you are also redirected to the bank’s system. Banks can ask you to use a hardware token, an app, or any other second factor to approve the transaction.
It’s a shame that this system isn’t ubiquitous for the rest of us not in EU.
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The problem with 3D Secure is that the merchant can unilaterally decide not to use it, which defeats the whole purpose of 3D Secure.
The problem is that these are all US systems.
This is pretty much every payment I do in Finland works. Always have to go and verify it using my online banking credentials after I've entered the numbers. Does make me wonder why I need to bother with the whole number, expiry and CVV bullshit anyway.
> After typing your card numbers
Yes, but the whole point of Wero is that you don't have to type in a bunch of info that can be easily stolen. With Wero (and many other international solutions), you just scan a code with your phone, and your banking app handles the transactions. The existing legacy solutions are just duct tape on an existing system.