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by lsc 3740 days ago
huh. yeah, there's a 'verified by visa' thing that America has that is similar... I think it does some statistical something something. It sure looks a lot weaker than a public key transaction where the key never leaves the card. The 'verified by visa' site itself looks pretty fishy.

In theory, a chip and pin solution where the user owns the reader is more secure than a transaction in the store where the vendor owns the reader. but, I guess that's too expensive and inconvenient or something.

1 comments

"Verified by Visa" is 3-D Secure.

https://en.wikipedia.org/wiki/3-D_Secure