What does chip and pin mean?

Definitions for chip and pin
chip and pin

This dictionary definitions page includes all the possible meanings, example usage and translations of the word chip and pin.

Wiktionary

  1. chip and PINnoun

    A system for verifying that the bearer of a debit card or credit card is the owner, involving cards that contain a silicon chip storing the PIN of the card; the bearer confirms he is the owner of the card by inserting it into a machine and entering the PIN, which is compared with the one stored on the chip.

Wikipedia

  1. chip and pin

    EMV is a payment method based on a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.EMV cards are smart cards, also called chip cards, integrated circuit cards, or IC cards, which store their data on integrated circuit chips, in addition to magnetic stripes for backward compatibility. These include cards that must be physically inserted or "dipped" into a reader, as well as contactless cards that can be read over a short distance using near-field communication technology. Payment cards which comply with the EMV standard are often called chip and PIN or chip and signature cards, depending on the authentication methods employed by the card issuer, such as a personal identification number (PIN) or digital signature. Standards exist, based on ISO/IEC 7816, for contact cards, and based on ISO/IEC 14443 for contactless cards (Mastercard Contactless, Visa PayWave, American Express ExpressPay).

Wikidata

  1. Chip and PIN

    Chip and PIN is the brand name adopted by the banking industries in the United Kingdom and Ireland for the rollout of the EMV smart card payment system for credit, debit and ATM cards. The word "chip" refers to a computer chip embedded in the smartcard; the word PIN refers to a personal identification number that must be supplied by the customer. "Chip and PIN" is also used in a generic sense to mean any EMV smart card technology which relies on an embedded chip and a PIN.

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How to say chip and pin in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of chip and pin in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of chip and pin in Pythagorean Numerology is: 4

Examples of chip and pin in a Sentence

  1. Paul Kleinschnitz:

    The simplest way to circumvent chip-and-PIN is to use a stolen card number to make an online purchase.

  2. German Association of Savings Banks:

    This is nothing new to us, since 2012, the card system has been based entirely on chip and PIN. Attacks carried out on the magnetic stripe technology are not transferable to smart cards.

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"chip and pin." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/chip+and+pin>.

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