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Explain to me how a criminal can gets his hands on the Verified By Visa code by using fake phishing forms? Those forms are an easy method for obtaining the usual credit card details, but the Verified By Visa code gets submitted in a form on the site of the card holder's bank only. A criminal nerd could set up a fake banking site with phishing form but that site has to look exactly the same as the real banking site and the bank names need to match. How does the criminal what bank this credit card belongs too?
I find all this impossible to believe and stick with my statement that if all sites would require Verified By Visa and MasterCard secure code today, all online credit fraud would vanish. Visa and MasterCard aren't pushing this great technology hard enough because they think fraud is not their problem - after all it doesn't cost them much, the merchants are paying for all the damage. But what does happen is that credit cards are losing popularity as online payment methods very rapidly.
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