Chip & PIN

Chip & PIN is a secure payment system used for credit and debit cards. The card contains an embedded microchip that stores your information safely. When making a purchase, you insert the card into a terminal and enter a Personal Identification Number (PIN), a secret code only you know. This process helps verify your identity and reduces fraud, as the chip is harder to clone than magnetic stripes. It’s widely used for in-person transactions, offering a secure alternative to signature-based payments, and provides increased protection for both consumers and merchants.