VBV - cause for concern

I got called out to a meeting with a client on Saturday evening, and it turned out at the bottom of it all was this: They had turned on Verified By Visa a few weeks ago, and on Saturday morning the MD of the company plus the designer tried to make a paid registration and just plain couldn't figure out how to get past the VBV screen.

If you have ever tried this you will understand this, as it is a text-book example of bad useability. Initial indications are that the level of registrations has halved since they switched it on.

I know that some firms are being pressurised by their banks to implement VBV but am very concerned about the effect this will have on business. A partner company in the US has told me that it has pretty much died over there.