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PIN
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PIN

In banking, a unique number used as a password to establish the identity of a customer using an automatic cash dispenser. The PIN is normally encoded into the magnetic strip of the customer's bank card and is known only to the customer and to the bank's computer. Before a cash dispenser will issue money or information, the customer must insert the card into a slot in the machine (so that the PIN can be read from the magnetic strip) and enter the PIN correctly at a keyboard. This helps to prevent stolen cards from being used to obtain money from cash dispensers.
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t make a password or pin number unless you have to.
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Currently, all of the bank's 130 ATM machines display warnings of fraudulent activity in addition to messages or requests to customers to change their PIN numbers, While no ATM machines have been found to have been tampered with, some banks still maintain that the machines are the point from which PIN numbers and bank card information were stolen.
Mashreq joins list of fraud-hit banks by Gulf News (United Arab Emirates)
 
 
 
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