chip and PIN

British  

noun

1. 1. a system for processing credit cards requiring the customer to enter a unique identification number instead of a signature to authorize a payment

   2. ( as modifier )

      chip and PIN transactions

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Etymology

Origin of chip and PIN

C21: _chip (sense 8) + _PIN

Example Sentences

The new card will work like a chip and Pin bank card and be taken in most places that sell gluten-free food, including supermarkets, shops, community pharmacies and online stores, according to the Welsh government.

From BBC

However, this has been contradicted by some individuals, with one saying: "That is wrong - only chip and pin or cash is working".

From BBC

But now that US banks are finally switching to chip and PIN cards, the market for magstripe is clearly dwindling.

From BBC

Under the proposals, debit card payments will require authentication, such as chip and PIN or biometric verification of the type used for Apple Pay.

From BBC

There will also be enhanced cleaning procedures onboard trains and at stations, especially focused on cleaning door buttons, grab handles, tables and all touch points, as well as equipment like phones, chip and pin machines, self-service ticket machines and point of sale systems.

From BBC