chip and PIN


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chip and PIN

n
1. (Electronics)
a. a system for processing credit cards requiring the customer to enter a unique identification number instead of a signature to authorize a payment
b. (as modifier): chip and PIN transactions.
2. (Commerce)
a. a system for processing credit cards requiring the customer to enter a unique identification number instead of a signature to authorize a payment
b. (as modifier): chip and PIN transactions.
[C21: chip (sense 8) + PIN]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
He has told how he confronted the boss of the Whitley Whalers takeaway, in Marine Avenue, Whitley Bay, to tell her of his son's chip and pin experience.
The UK Cards Association released the findings to mark 10 years since the introduction of Chip and Pin on Valentine's Day.
Opposition against chip and PIN comes from retailers who argue that new terminals to accommodate the enhanced technology are slower and would get in the way of expediting long lines at check out.
Glastonbury, CT, September 22, 2015 --(PR.com)-- System Solutions released the Microsoft RMS EMV Chip and Pin Integration.
The need for enhanced credit card security measures, a diverse group of consumer advocates and national nonprofits called on government leaders to help make chip and PIN technology a U.S.
has completed the acquisition of all the issued and outstanding shares of Canada-based wireless pay-at-the-table EMV chip and PIN software developer Terminal Management Concepts, the company said on Wednesday.
The RBI directive making chip and pin mandatory was aimed primarily at card issuers.
Chip and PIN card payments are the norm but many people are unaware that those with dexterity issues, visual impairment, memory problems or mobility issues can get cards that require a signature instead of a PIN.
In 2006, after almost eight years of trials, testing and card roll-outs, chip and pin became a permanent fixture to pay for your purchases.
The Chip and PIN cards facilitate a more secure payment platform that provides additional security by securing transactions with PIN.