Barclays Bank waived fraud

1 million customers of Barclays Bank were noticed to use online banking services without a single case of fraud.

Security success of Barclays Bank, the world's fourth largest financial services firm is ascribed to its customer's use of smart card readers from Gemalto.

Gemalto, the Amsterdam-based vendor is said to provide mobile payments security to a consortium of French banks and mobile vendors, including leading institutions, such as BNP Paribas and Crdit Agricole-LCL.

With Gemalto's PINsentry smart card readers consumers of Barclays, Britain's third-largest bank can secure online transactions from any personal computer.

"Our goal was to provide our online customers with an easy-to-use, highly secure product to protect them against fraud," said Sean Gilchrist, digital banking director, Barclays. "Adoption of the PINsentry reader by one million cardholders in one year is a clear demonstration that we made the right choice."