Many people (that I know / have known) frequently misplace their wallet and then their cards are in this limbo state where it's unclear if they are stolen and h

Many people (that I know / have known) frequently misplace their wallet and then their cards are in this limbo state where it's unclear if they are stolen and have to be replaced (expensive for the co., inconvenient for the customer) or just not found. Seems like a useful feature to me.