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Define “reliable authentication” then. Most banks already require government ID (which is fakeable generally) due to KYC laws. What more is standardized so they
by jsjohnst 9y ago
Define “reliable authentication” then. Most banks already require government ID (which is fakeable generally) due to KYC laws. What more is standardized so they could use it?
- TheCoelacanth 9y agoTo open a bank account. Not to open a credit card account. Applying for a credit card involves essentially no verification of identity other than asking for some information that is supposedly but not really secret.
- jsjohnst 9y ago> Not to open a credit card account. And there is a large part of the problem. If equivalent to KYC laws applied to credit cards it would likely cut down on criminal's ability to get credit in someone else's name.