Chip and PIN

Chip and PIN is a secure payment method used in credit and debit cards. Each card contains a microchip that stores your account information, and it is paired with a personal identification number (PIN) that only you know. When making a purchase, you insert your card into a terminal and enter your PIN, ensuring that only the cardholder can authorize the transaction. This system enhances security by making it difficult for fraudsters to use stolen cards, as they would also need the correct PIN. Chip and PIN is widely used in many countries to protect consumers and merchants from fraud.