I don't know if you're talking about the 3-D Secure / Verified by Visa system, but the major flaw of this technology is that the merchant is the only one responsible for putting it up or not.

I used to work in e-commerce and my company simply disabled the SMS protection because it would harm sales and the platform would sometimes completely crash.

On the other hand there is no way (that I know of) that I, as a customer, could prevent my card being used in non secured websites. So this system makes legitimate purchases harder and doesn't prevent fraud.

We need a different technology than credit card for online payments, they are not secured enough and any layer of security that we add around them won't work.

What cards allow this? I would do it in a second if that was a thing I could actually have. Not 100% foolproof but I'd bet it would stop almost all fraud.

Not aware of any cards specifically (outside of European chip-and-pin, but I don't think those usually work online), but this is the big argument for things like android/apple/firebomb pay.

Make a purchase, then sign off on your phone (or fingerprint reader on your laptop).

It obviously won't resolve the issue posed in the article, but it is definitely a step in the right direction and many of the major CC companies are integrating more and more. In five or six years I can easily see Chase and the like giving an option to only let the physical card be used in chip-and-pin mode and to require the use of an approved service for any contactless/online orders.

Obviously the approved services thing is a concern, but not a huge one.