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What is Chip & PIN?

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What is Chip & PIN?

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A. Chip and PIN is a secure card payment system that has been introduced to help prevent fraud. Most UK credit and debit transactions in shops and other retail outlets are authorised by keying in a unique PIN, rather than by signing a receipt. A PIN (Personal Identification Number) is a 4-digit code either assigned to, or chosen by a cardholder to help prove that they are the authorised owner of a card when making a chip and PIN based transaction. The same PIN is required when using a cash machine.

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