Other countries solved this by doing payments in ways that fraudsters can't simulate, such as a cryptographic handshake with a chip on the card.
This doesn't help with payments which take place without a card present, such as online and phone payments, which make up a large (and growing) proportion of transactions.
This doesn't help with payments which take place without a card present, such as online and phone payments, which make up a large (and growing) proportion of transactions.