Comment by tomjen3

I think is an important point, but it misses things like verifying your transaction with your bank in an-easy-to-do-hard-to-fake-way. Like if you were sent to your mobile bank app after completing a purchase and had to FaceId verify that it was you, then fraud rates would essentially be zero.

Yes such a system is annoying, I know because we have something kinda similar here in Europe, but because all the merchants are using it, I have no choice but to go to a retailer who doesn't use the system (I probably would if I could, because I tend to use my computer to do things).