There are already a bunch of stores I can't order from online (in Canada) because of visa's two-factor authentication
Meanwhile the EU already mandates all online stores based in the EU to implement 2FA on their payments(and almost every merchant has implemented 3D Secure).
It requires you receive a code on your smartphone to authorize your order, and I don't have one.
Visa/Mastercard's 3D secure implementation only provides a gateway to the bank's systems(or at least that's how it works for me, I get shown my bank's landing page where i'm asked for credentials/confirmation within the app), how a transaction is confirmed is up to each bank. My bank(it's an EU one) has a fallback on SMS+a password you set with the bank in case you don't have their app.
Meanwhile the EU already mandates all online stores based in the EU to implement 2FA on their payments(and almost every merchant has implemented 3D Secure).
Visa/Mastercard's 3D secure implementation only provides a gateway to the bank's systems(or at least that's how it works for me, I get shown my bank's landing page where i'm asked for credentials/confirmation within the app), how a transaction is confirmed is up to each bank. My bank(it's an EU one) has a fallback on SMS+a password you set with the bank in case you don't have their app.