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> - Verify the end customer’s government-issued ID. This never happens. Lots of PPP or bank fraud investigations go nowhere because the perpetrators used fake
by from 4y ago
> - Verify the end customer’s government-issued ID.
This never happens. Lots of PPP or bank fraud investigations go nowhere because the perpetrators used fake IDs all the way down. No company is actually checking the governments database of drivers licenses or state ID cards. Only recently did eCBSV come out which would allow companies to digitally check that an SSN actually exists (mostly to stop synthetic identity fraud) but that still doesn't stop identity theft.
- troydavis 4y agoSome of this is about increasing friction, not collecting flawless info. Is it possible to fool Stripe Identity (https://stripe.com/identity https://stripe.com/identity) repeatedly? Probably. But it’s a pain to make new fake docs (or switch carriers) every time an account is flagged.
- gggggg5 4y agoWhy is it such a pain? You can print hundreds of good enough fake IDs every day with a sub $1000 printer.