More like 10 years. UK + Europe rollout of chip+pin/EMV + incentivised liability shift was around 2005/2006, and has reduced card fraud by around 70% in most countries. Contactless/NFC payment facilities have been pretty widespread (at least in the UK) since 2010 or so, and since the last couple of years or so are pretty much ubiquitous.

I suspect that America being so backwards in this respect has a lot to do with the power and influence wielded by corporate lobbyists in congress.