> Looks like Paypal will also asks for your bank username and password for instant verification and has the same fallback option of 2 Random deposits.

That has not been my experience; the 2 random deposits are the first option, not the last resort. Paypal has never asked me for a user/pass.

What the hell? Seriously, what. Why? Why not use a token? Oh if only there were already protocols written to handle identity and access auth.

On the financial system's technological timeline, those protocols won't happen for another 20-30 years yet.