I like a credit card for an example.
You have a credit card.
A credit card represents your credit history. It has a balance and a APR. It has permissions and an entire financial state. It has a id, an expiration date, and a security code. The magnetic strip summarizes all of this.
When you go to your local credit-card-accepting establishment, they don't need to know that. They don't want to know that, and it is often very dangerous if they do know that. What they need to "know" is that there is a magnetic strip which will take care of all of this, and (sometimes) that the person holding the card has id to match the name printed on the card.
Giving them more information is either (in the best case) useless, or (in the worst case) dangerous. Requiring them to know which bank to check with, making sure they know how to calculate your particular APR, or allowing them to check your balance is simply silly at that point.
