chip & PIN definition

chip & PIN means a plastic card, commonly called a chip card, with an embedded chip that communicates information to a point of sale terminal and/or other electronic devices.
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chip & PIN means a plastic card, commonly called a chip card, with an embed- ded chip that communicates information to a point of sale terminal and/or other electronic devices.
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Examples of chip & PIN in a sentence

  • The majority of these will be low value contactless or low value chip & PIN charges.

  • Your PIN will allow You to use the Card at ATMs and chip & PIN retailers.

  • You will need your PIN to access cash from ATMs and to use at all merchants abroad equipped with global chip & PIN terminals.

  • You can authorise a Transaction by: Inserting the DaVinci Device into a chip & PIN device and inputting the unique POS code that will have been displayed on Your DaVinci Device’s E-ink display following input of Your PIN to the DaVinci Device’s keypad.

  • Should you be issued with a contactless, chip & PIN Credit Card you may be required to merely scan your credit card within the wireless range of the point of sale device depending on the value of the transaction.

  • Credit card means the relevant magnetic-stripe and/or chip & PIN Visa Credit Card, Visa Electron Credit Card or Petro Card that we issue to you used as an access mechanism to access your credit card account and/or your Credit Facility.