In Sweden, BankID covers well over 90% of the population between ages 20 and 60 with a unique electronic ID. (Including 98% of those between 20 and 40.) It supports identifying yourself with a credit card and pin using a card reader given to you by your bank or alternatively (and more commonly) a pin combined with a smartphone/computer that you have identified as being yours.
BankID covers well over 90% of the population between ages 20 and 60
What do the other 206,868 people do?
If a similar system were implemented in the United States, that would leave 6,514,383 out. What do you do with six million people who can't be part of the standard ID scheme?
And as a result we have a lot of bank accounts hacked over phone because people don't know how to use it. Or more importantly how NOT to use it. All it takes is a phonecall to someone, tell them someone is trying to hack into their bank account and they need to hurry and ID themselves because the thief is running off with their pension. The police get these kinds of cases every day.
I love BankID but I have been using it since the start and know the pitfalls to watch out for. Most people does not know the problems though.
You're going to have a hell of a time trying to sell that to 50 states and a handful of territories, all of which can't even implement REAL-ID properly.
What agency manages BankID in Sweden? I would imagine in a better world, the US Postal Service could be doing some of this work in the states at a federal level, but I wouldn't get my hopes up.
I'm not here to babysit you. If you were serious about wanting to make a suggestion you would have started by looking at the current solutions. Not doing that is just a waste of screen estate.
