Comment Verified by Visa is just horrible (Score 1) 511
Check http://en.wikipedia.org/wiki/3-D_Secure#Criticism for just some of the problems.
Visa are doing something about it, so much so that they are enticing people to use it by accepting the liability of fraud themselves - rather than leaving it firmly with the merchant as it is today.
If only this were true it might be worth it. However, the terms of the agreement presented to me whenever Verified by Visa tries to force me to join require that I, personally absolve both Visa AND the merchant of any responsibility for fraudulent charges and agree to pay any and all such charges while waiving the fraud limits on my current "unverified" card.
Visa are doing something about it, so much so that they are enticing people to use it by accepting the liability of fraud themselves - rather than leaving it firmly with the merchant as it is today.
If only this were true it might be worth it. However, the terms of the agreement presented to me whenever Verified by Visa tries to force me to join require that I, personally absolve both Visa AND the merchant of any responsibility for fraudulent charges and agree to pay any and all such charges while waiving the fraud limits on my current "unverified" card.