You can use many ID cards online with the chip in the card. This means you need to have access to the physical card and the PIN. Much safer than just having a n

You can use many ID cards online with the chip in the card. This means you need to have access to the physical card and the PIN. Much safer than just having a number and it will be hard to steal 50 million physical ID cards. Many banks use video chats to open accounts where you have to present the card via video. This can be even safer as you need the physical card and someone who looks like the person on the ID card. Since calls are recorded, I can imagine fraudsters are hesitant to use this process.