Gemalto announced it has passed the 1 million mark for Barclays customers using PINsentry, its cryptographic smart card reader. The bank started deploying its authentication program in July 2007 and since then not one PINsentry online customer has suffered fraud.
PINsentry enables Barclays customers to generate one-time passwords that they use to authenticate at login. The system also can be used to sign transaction. Customers insert their usual chip-enabled bank card into the PINsentry reader from Gemalto and type in their card’s PIN. Customers carry the devices with them and can perform these secure online transactions from any personal computer.
As part of the program, Barclays is now offering additional services to its online customers. The maximum amount for personal online transactions has risen from an initial £1,000 to £10,000 and plans are in the works to offer funds transfer worldwide.