Barclays recently launched a new fraud prevention device for online customers. The handheld Pinsentry is claimed to be capable of reading chip and pin cards, so doing away with the requirement for individuals to key in passwords for Internet banking and making available a safe and sound technique of identification. Barclays maintained the free anti-fraud software would be offered all through the passage of this year to people who often set up payments from online accounts. Barnaby Davis, director for electronic banking at the firm, was quoted as saying, The popularity of Barclays online banking service comes down to convenience and security and the introduction of Pinsentry will enhance both of these features. Adding more to the points, Barnaby said that Barclays is the 1st UK-based company that claims to make available the fraud prevention technology to users throughout the nation. The UK bank brought forth a variety of initiatives specifically been developed to lessen ID theft.