come on, we all know most companies "security" lacks any common sense or logic, but really, it's not just Paxum, most financial companies do this. In any event, if you don't like a service you don't use it. Or do you go to the bank and yell because they ask for docs? What's different here? I'd be even more careful with online stuff than my regular bank where I have more resources if anything goes wrong.
I know by experience they have no idea on what to do with most of the docs they ask for, nor they know why they do it. And I understand that sometimes it can be very frustrating, but to be honest, I prefer them to be picky that not caring at all. Just my 2 epassportes 
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