Personal Identification Number (PIN)

A number that must be entered by the customer before an ATM will allow access to the customer’s bank accounts. Also used at a retail establishment when a customer pays for a purchase with an ATM or on-line debit card.A numeric code used as verification to complete a transaction via a payment card. The number is entered into a keypad and is encrypted to travel along with the authorization.A number used as a security access code for phone banking and to withdraw money from an ATM or via EFTPOS.

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