Comment Re:someone explain for the ignorant (Score 2) 449
As for mail order, I'm sure Visa/MC will continue to have a web object that pops up, asks for a PW or PIN, which is used for shopping via the Internet.
This is truly where credit card fraud is going to go in the next few years. As EMV rolls out in the US (finally!) credit card fraud is going to move online. Card not present transactions will be the next target and participation in multifactor authentication schemes like Verified By Visa and MasterCard SecureCode will become critical and possibly even mandatory.