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

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 • May 16, 2024

A confusing aspect of this transition that the U.S. is using the chip and signature model instead of the chip and PIN approach used in Europe and most of the world.

From Slate • Jul. 20, 2016

A Chase credit card representative this month wrongly tweeted that the firm would soon issue chip and PIN credit cards.

From Reuters • Oct. 30, 2015

“We need to move together collectively so the whole system is employing chip and PIN technology,” he said.

From New York Times • Feb. 4, 2014

While chip and PIN technology might help safeguard customer data, experts say it is hardly a silver bullet in fighting data theft.

From Washington Post