FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Barclays Gives Users Total Control Over Debit in Effort to Stop Card Fraud

Grace NotobyGrace Noto
May 8, 2017
in Payments, Risk & Security
Reading Time: 2 mins read
0
Share on Facebook

Will giving customers more direct control over their debit cards stop fraud? Barclays is optimistic.

Barclays customers now have the ability to shut the remote spending (online or mobile) function of their debit card, the bank announced today. Barclays bets the feature will help halt card fraud; about 25% of the U.K. population has experienced fraud in the past three years, according to the bank.

The announcement is part of Barclays’ new digital security campaign—dubbed “The Great British Fraud Fightback”—a £10 million initiative aimed to increase consumer awareness of digital financial fraud risk within the United Kingdom.

Users can set up an ATM withdrawal limit from the bank’s mobile app, or  “toggle ‘off’ and ‘on’ the ability to make remote purchases, putting an instant block on the ability to make any internet, in-app, mail order and telephone transactions,” a spokesperson for Barclays told Bank Innovation.

Will this ability further protect consumers against fraud?

Possibly, but adding better consumer authentication methods might have been even more beneficial, Madeline Aufseeser, CEO of fraud prevention company Tender Armor, told Bank Innovation:

It’s great that Barclay’s is investing in fraud prevention initiatives and consumer awareness. £10 million is a significant investment. It would be even better knowing the bank dedicated portions of the investment to stronger consumer authentication methods.

Approaches such as dynamic dual-factor authentication services are true prevention techniques going beyond basic card control services which limit exposure but do not prevent fraud.

The bank’s “card control” offering—a “first” for a major U.K. bank, according to company statements—effectively allows consumers to decide when their debit card is a debit card, and when it’s a useless bit of plastic. However, when a consumer does make a remote purchase, it still works like a normal debit card in the same spaces, where fraud prevention depends on online security measures Barclays has in place.

Aside from its debit announcement, Barclays’ £10 million will be used for a nationwide advertising campaign concerning fraud. The bank will also host “regular fraud awareness takeovers on its online and mobile banking sites” in order to promote better financial awareness among its users.

Tags: Barclayscard fraudcybersecurityExclusivefraud preventionidentity authenticationMobile bankingonline bankingTender Armor
Previous Post

Affirm Looks To Launch Everyday-Use Virtual Cards

Next Post

The Opportunity for Premium APIs in Open Banking

Related Posts

humans and AI work together to pinpoint risk and suspicious activity
Risk & Security

Retaining the human component as AI combats fraud

July 28, 2026
a digital grid superimposed over a globe
Risk & Security

AI finding twice as many cyber flaws in 2026 as it did in 2025

July 27, 2026
Signage is displayed inside the American Express Co. Centurion Lounge during a media preview event at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., on Thursday, March 5, 2020. AmEx has told shareholders that spending on membership services, which includes its lounge collection, will be its fastest-growing expense this year—cost decisions that came prior to the current crimp on global travel due to coronavirus. Photographer: Patrick T. Fallon/Bloomberg
Payments

American Express to insure agentic commerce

July 24, 2026
Next Post

The Opportunity for Premium APIs in Open Banking

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

The Buzz Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

 [wt_cli_manage_consent]

Connect

twitter linkedin podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account