I stopped counting the number of times I called up banks in the UK to give them grief over their "security". My favourite pet peeve is the Mastercard SecureID and Secured by Visa. Both allow only a few characters with just letters and numbers. I get furious that my very secure passwords are not allowed.
One bank blamed the system, saying the reason it's doing it this way is because it's "American".
But you get locked out forever after three tries. Consider the PIN to be a convenient way to not have to call the helpdesk every time you want to access your account, not as a key used to secure your data for eternity.
Does Verified by VISA works (or not working) the same everywhere? I thought each bank has to support it independently, so I'm only blaming my bank for requiring me to use exactly 6-digit numbers as my VbV password.
One bank blamed the system, saying the reason it's doing it this way is because it's "American".