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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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Once they decide to make the purchase, they tap the phone at the register and enter a personal identification number (PIN) and the amounts are deducted from the designated accounts, explains McCarthy.
Mobile banking seen as stage toward 'mobile account management' by ABA Bank Marketing
Skimming devices read the magnetic strips from cards in the machine, then tiny cameras are used to film customers keying in their personal identification numbers.
Woman caught by her own camera by Daily Post (Liverpool, England)
Users need to sign up ahead of time for a login identification and account personal identification number.
Park district updates Web site by The Register-Guard (Eugene, OR)
 
 
 
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