CC in europe require a 2fa confirmation where you recieve usually a notice of the amount you're approving
I guess problem is that in US you'll lose a lot of customers by declining payments without 2FA. Also likes of AMEX use 2FA via email so I guess there could be fraud too.
How does that work when you buy things in places where you don't have cell service?
Yes, they exist. Even in Europe.
You mean you have wi-fi, but don't have cell service?
That is like... super rare.
I mean actually, I frequent a business where you cannot get a cell signal, but they offer free wifi. Metal building blocks the signal. This could happen anywhere.
- Bank sends you a tiny card reader that you enter your PIN and it gives you a one time code. If you want to make payments that require 3DS (online only ofc) you have to have this card reader on you but it doesn't actually require an app or internet connectivity.
- You have an app on your phone, you drag a code from a notification onto another area of the app itself which does something (somehow - no idea the purpose) and verifies the transaction. Certificate is stored on device only.
- You open an app and it'l notify of the purchase amount, location, merchant and you just tap allow
- You receive a code in the mail that is renewed once a year which is then combined with a SMS message (or app notification). The payment flow asks you for some characters from both codes.
You do not require cell service for any that I have used and wifi is enough.
Further Edit: Just to clarify though, all of these are ONLY for online purchases. Purchases in shops you just use your pin if it requires authorisation.
However, most banks/issuers have since switched to using their app as the second factor, so all you need is Wi-Fi, practically.
A few even support displaying an offline code in the app that you can enter during checkout, but that's becoming less common since it doesn't support displaying the amount and payee given how it works.
I remember in Berlin going to a bar where there was no cell service (some combination of poorly sited base stations and thick walls made of something dense). They of course offered free WiFi considering this.
Where I am now, there’s a section of beach full of cafes that has no cell service. If you walk 100m north or south it’s fine, but that bit is a dead zone. All the cafes have free WiFi.
In the edge case where there is no cell service yet the PoS device has connectivity (e.g. WiFi or other cellular service) they might set up a WiFi access point for users to get push notifications (assuming the 2FA method is not archaic insecure SMS).
this is not sms 2fa/based but a physical/android based pos to charge the bank lends you
If that encryption can be MITMed, then there is a much bigger problem as any traffic can be MITMed at cellular network level anyway, voiding out any WiFi-MITM concerns.
Something to do with having a “next authentication token” on your device already with a 24hr expiry.
I know that SMS is insecure. But I can get it back after a predictable disaster.
sms is trash yeah, 2fa just works if you care enough to know how (in most sites)
Today I've noticed the qr seed idea. But I'd prefer having my personal phone having access to nothing irreplaceable, and not worrying about it if it dies.
If I work in an environment that needs to be secure, then I'll worry about following security recommendations. But to whatever extent possible, I prefer not working in an environment that needs to be secure. And then not bothering with the UI disasters that secure solutions regularly impose on people.
SMS fees outside the US are also orders of magnitudes higher – paying a few cents for that can make the entire transaction uneconomical for banks, since interchange rates are also heavily capped in Europe.
For payments involving the physical card, the chip on the card and your PIN are the two authentication factors required. (Credit and debit cards are PIN-based in the EU; signatures aren't a thing anymore there.)