Enforcement of SSN on debit cards in the future?

[Richard Earl]

"Brian McGinley, senior vice president of Data Risk Management for Identity Theft 911, said that although a Social Security number is needed to actually purchase a card, oftentimes there is no due diligence on behalf of the seller to ensure the number is valid. For this reason, a potential money launderer's identity is rarely obtained when buying a prepaid card, allowing them to operate under the radar."

"One of the reasons a [Social Security number] was needed was to create some semblance of an audit trail," McGinley said. "The prepaid card was meant to have helped those who can't have a bank account have access to cash."

Read more: http://www.foxbusiness.com/personal-...#ixzz1NJgTjlSo


Why is SSN always tied to the word identity! Why don't they just tag all newborn baby's ears with a personal identification number!