chip and PIN

chip and PIN
chip and PIN UK US noun [U] mainly UK COMMERCE, IT, BANKING
a system of paying for things using a secret number and a credit card or debit card that has an electronic chip in it: »

When the chip and PIN are used, a PIN number is entered instead of signing a receipt.

»

a chip and PIN terminal


Financial and business terms. 2012.

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Look at other dictionaries:

  • chip and PIN — noun A system of payment using a credit or debit card with an integrated microchip, the card holder entering a personal identification number to authorize the payment • • • Main Entry: ↑chip chip and PIN see under ↑chip • • • Main Entry: ↑PIN …   Useful english dictionary

  • Chip and PIN — UK logo. Chip and PIN Irel …   Wikipedia

  • chip and PIN — N UNCOUNT: oft N n Chip and PIN is a method of paying for goods you have bought by using both a bank card and a PIN number. ...the new chip and PIN cards …   English dictionary

  • chip and PIN — noun 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… …   Wiktionary

  • Chip and Pin — UK / US noun [uncountable] in the UK, a system of paying for something using a credit or debit card that has information stored on it on a microchip. You put your PIN number (= a set of 4 numbers) into a machine with the card to prove who you are …   English dictionary

  • PIN — [pɪn] noun [countable] BANKING personal identification number; a secret number given to you by your bank that you use when getting money from a cash machine with a card; = PIN number: • We will notify you of your PIN shortly after the account is… …   Financial and business terms

  • PIN pad — noun A keypad into which a PIN is entered during a chip and PIN transaction • • • Main Entry: ↑PIN …   Useful english dictionary

  • Chip Authentication Program — A GemAlto EZIO CAP Device Whitelabeled as Barclays PINSentry The Chip Authentication Program (CAP) is a MasterCard initiative and technical specification for using EMV banking smartcards for authenticating users and transactions in online and… …   Wikipedia

  • chip — {{Roman}}I.{{/Roman}} noun 1 (BrE) (usually chips) long thin piece of fried potato, eaten hot ⇨ See also ↑fry ADJECTIVE ▪ greasy ▪ frozen, oven ready … OF CHIPS ▪ …   Collocations dictionary

  • PIN number — noun a number you choose and use to gain access to various accounts • Syn: ↑personal identification number, ↑PIN • Hypernyms: ↑number, ↑identification number * * * PIN [pɪn] …   Useful english dictionary

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