topr8 I believe it's now up to £30
I also have a service with a two-step verification process, similar to lammert, and it works fine, imho. Nothing will process until you have that last step in place, even if you have stolen a card.
I've not heard of the description of "3D security."
I wonder if there's insufficient joined up thinking going on here from the EU. With a phone and credit cards, when visiting a store, you can use contactless to make a payment, and that current limit is above the proposed €10. As far as i'm aware, there is no further verification required: no pin, no further ID checks, etc. Steal a phone or a credit card and you're able to process contactless payments, even if they are relatively small. I know, that's not the same as online, of course, because the person has to be in attendance, with the card or phone, to process payment. With online, it could be anyone with the stolen details.
I'm happy to see some changes, but it should be across the board, and consistent, whatever service it is.
Oh, and I like the way that one of my card processors makes an automated contact to me when processing something. It's pretty much instant. The system double-checks it's me through various security measures before it authorises the payment. Not every time, but for certain values of transaction, and i've noticed it's also for certain types of transaction, such as airfares, technology, and in general, what may be classed at luxury items. So far it's never contacted me at the supermarket while i'm buying breakfast cereal and toilet rolls. I quite like the system, and i'm used to it. No more embarrassment in a line when a payment doesn't process and you're standing there talking on the phone while other people hear that your card is declined.
There's no doubt that there are now additional measures that can be used, such as biometrics. I just hope that there is consistency throughout as the fragmentation of payment systems and procedures is becoming confusing for consumers and for business.
If it's €10, why not make it any transaction, or raise the level to the same as contactless.