Check Your Wallet? How Mobile Driverβs Licenses are Changing Online Transactions
22 May 2024 at 08:00
Can you recall the last time you opened a bank account? Itβs likely you walked into a local bank branch and spoke to a representative who asked for your driverβs license and social security card to verify your identity. Now imagine you want to create a bank account online. The process is likely similarβtype in your social security number, take a picture of your driverβs license, and submit both to the bank via their webpage. Seems straightforward, right? Identity verification is importantβit protects us from identity theft and reduces the risk of fraud and unauthorized access for organizations