Well, you don't show your driver's license for online transactions, either. It's more about adding layers of identification for opening new accounts. For instance, when I was getting FMLA benefits earlier this year when I had a baby, I had to take a face scan video and send it in.

But, online transactions could be more secure. More cards could add two-factor authentication for online purchases. It's just a balance between convenience and protection, and right now most institutions lean toward convenience.