Chip and PIN is the brand name adopted by the banking industries in the United Kingdom and Ireland for the rollout of the EMV smart card payment system for credit, debit and ATM cards. The word "chip" refers to a computer chip embedded in the smartcard; the word PIN refers to a personal identification number that must be supplied by the customer. "Chip and PIN" is also used in a generic sense to mean any EMV smart card technology which relies on an embedded chip and a PIN.
Read more about Chip And PIN: History, How It Works, Crime Reduction, Conversion, Benefits, Banks' Liability, Vulnerabilities, Fraud, and Misuse
Famous quotes containing the words and pin, chip and/or pin:
“We look before and after,
And pine for what is not:
Our sincerest laughter
With some pain is fraught;
Our sweetest songs are those that tell of saddest thought.”
—Percy Bysshe Shelley (1792–1822)
“Look Johnny, Spig just joined the Navy. I’m married to it. I run the mess hall. I swab the deck. I chip the rust. You’re afraid that they’ll kick Spig out of the Navy. I’m afraid that they won’t.”
—Frank Fenton, William Wister Haines, co-scenarist, and John Ford. Minne Wead (Maureen O’Hara)
“What pursuit is more elegant than that of collecting the ignominies of our nature and transfixing them for show, each on the bright pin of a polished phrase?”
—Logan Pearsall Smith (1865–1946)