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Easy-remember PINcard launched - Financial news from Quotesure - 28/06/2005


A new PINcard has been launched in an effort to crack down on card fraud.
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Easy-remember PINcard launched

A new PINcard has been launched in an effort to crack down on card fraud.

Latest figures from Cardextras.com show that 32 per cent of cardholders - around 13.6 million people - jot down their PIN number in a bid to remember it.

Furthermore, a quarter of these people confessed to taking little care where or how they wrote it down.

Christine Lawson of Cardextras cautioned: "As cardholders struggle to remember a variety of different PIN numbers, there is a danger of an increase in the risk of fraud as people write down their PIN numbers without disguising them."

Cardextra's PINcard is an attempt to solve the problem of multiple PIN numbers.

The credit card-sized device uses a series of grids to remember 12 different PIN numbers, leaving the cardholder to just memorize one simple two-character code.

"PINcard has proved highly popular among consumers of all ages in tests, and we believe that in this new era of multiple PINs, many people will find PINcard extremely useful," added Ms Lawton.

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