piatkow - 11:28 am on Nov 10, 2010 (gmt 0)
I still think that a bank that won't do verifications should be the one taking the risk, not the merchant.
The bank should take the risk if VBF/MSC is used. If the merchant doesn't want to use it then they should take the risk.
The only fraudulent transaction to ever hit my card was from a US merchant who didn't use MSC or chip and pin (I never discovered if it was a cloned card physically presented or a CNP)