Barclays is sending out handheld chip and PIN card readers to online banking customers in a pioneering anti-fraud initiative.
Later this year, Barclays customers who use their online bank account to set up payments to new third party accounts will begin using PINsentry devices. The devices will be used together with the customer's normal debit card and its PIN, to authenticate their identity at log in and for making certain payments. This will replace the need for passcodes and memorable words.
Over half a million customers will be automatically sent free PINsentry card readers and instructions by the end of the year.
Customers who simply wish to use online banking to view their accounts and pay bills or established payees will be able to continue to use online banking as normal without the need for PINsentry.
