Barclays introduces PINsentry anti-fraud device
Wednesday, 18 Apr 2007 17:11
Barclays is sending out handheld chip and pin card readers to online banking customers in an attempt to crack down on fraud.
Barclays online banking customers will soon begin using PINsentry devices.
These are combined with the customer’s normal debit card and its pin to check their identity when they log into their Barclays account and when they make certain payments.
The devices replace the need for passcodes and memorable words.
More than 500,000 Barclays customers will be sent free PINsentry card readers and instructions by the end of the year, with more sent out as customers are added to the service.
Customers only use online banking to view their accounts and pay bills or established payees will not be affected.
"Barclays is constantly working to help protect customers and their money and that is why we have invested in this system. PINsentry is the next generation of fraud prevention technology and Barclays is proud to be the first organisation in the UK to roll it out to its customers," said Barnaby Davis, Barclays director for electronic banking.
"The popularity of Barclays online banking service comes down to convenience and security and the introduction of PINsentry will enhance both of these features."