On: How U.S. Banks Took Over the World

[xorfish]

> which sucks because you have to get a physical card reader (like an actual machine that scans your debit card) in order to use the online banking most of the time

Isn't such a device required if you want 2FA and use your phone for e-banking?

[drjesusphd → xorfish]

Yes. This is a feature, not a bug.

With the US system, on the other hand, consumers have more protection precisely because the banking system is insecure. It's easy to get a fradulent charge reversed.

[mcv → drjesusphd]

In the EU it's also possible to get a fraudulent charge reversed, but fraudulent charges are much rarer.