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Fair enough. Who is putting a lot of trust in the bank? They're slimy af and would sell their grandma's pii for an extra dollar; but that can't happen here.
by jwally 1y ago
Fair enough.
Who is putting a lot of trust in the bank?
They're slimy af and would sell their grandma's pii for an extra dollar; but that can't happen here.
Bank doesn't know where you came from or where you're going; since you are the transport layer. Nothing of value for them to learn.
- ImJasonH 1y agoWhat incentive does a bank have to support this? The site and the user get what they want, and from the bank's perspective they got to freeload on the age verification the bank has performed (though admittedly they already had to anyway)
- jwally 1y agoSame reason banks offer free checking. Initially they could charge as a premium service, but eventually it would become a commodity. Not offering it would be weird.
- jeroenhd 1y agoSeveral European countries have been using banks as a form of digital authentication for years. Of course, there are strict regulations to make sure banks don't abuse their position. I wouldn't want to use such a system with American banks, but the concept is hardly novel.
- raxxorraxor 1y agoI don't want to verify anything and use services that don't require verification. The alleged motivation to introduce these checks is the error and the flaw.