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By using a PIN, card or account holders can: Prevent potential fraud from happening to a bank or credit card account Have easy access to electronic payment systems across the country and the world
A personal identification number (PIN; sometimes redundantly a PIN code or PIN number) is a numeric (sometimes alpha-numeric) passcode used in the process of authenticating a user accessing a system. The PIN has been the key to facilitating the private data exchange between different data-processing centers in computer networks for financial ...
A PIN pad or PIN entry device is an electronic device used in a debit, credit or smart card-based transaction to accept and encrypt the cardholder's personal identification number (PIN). PIN pads are normally used with payment terminals , automated teller machines or integrated point of sale devices in which an electronic cash register is ...
Personal identification number, or PIN, used for identification for credit card usage and other situations. Topics referred to by the same term This disambiguation page lists articles associated with the title Personal identity number .
Key takeaways. The numbers on a credit card help identify the credit card network, the company that issued the card and the cardholder. Credit card numbers are either 15 or 16 digits, with each ...
PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.
In this infographic, our friends at Mint.com decode your credit card number and show you one way to determine if a card is valid. Related Articles. AOL. Savings interest rates today: New year, new ...
ISO 9564 is an international standard for personal identification number (PIN) management and security in financial services.. The PIN is used to verify the identity of a customer (the user of a bank card) within an electronic funds transfer system, and (typically) to authorize the transfer or withdrawal of funds.