I have been using 3D secure (verified by visa/mastercard securecode) on my site for about 5 years now.
In that time I have received zero fraud chargebacks, and I don't do phone verification or ask for ID.

There has been alot of misinformation about 3D secure.
The merchant is protected from all fraud chargebacks on all visa/mc cards, even if the cardholder or their bank is not enrolled in 3D secure.
I highly recommend it.