{"id":8997,"date":"2023-10-06T13:32:08","date_gmt":"2023-10-06T17:32:08","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=8997"},"modified":"2023-10-06T13:32:10","modified_gmt":"2023-10-06T17:32:10","slug":"personal-identification-number-pin","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/personal-identification-number-pin\/","title":{"rendered":"Personal Identification Number (PIN)"},"content":{"rendered":"\n
What is a PIN?<\/strong><\/p>\n\n\n\n A PIN (Personal Identification Number) is a numerical code used to authenticate a person to a system. It is a common security measure used in banking, payments, and money, to protect users’ accounts and transactions.<\/p>\n\n\n\n What does it mean\/stand for?<\/strong><\/p>\n\n\n\n PIN stands for Personal Identification Number.<\/p>\n\n\n\n How is it used?<\/strong><\/p>\n\n\n\n PINs are used in a variety of ways in the banking, payments, and money world. Some common examples include:<\/p>\n\n\n\n Who issues it?<\/strong><\/p>\n\n\n\n PINs are typically issued by banks, credit unions, and other financial institutions. When you open a bank account or apply for a debit card, you will be given a PIN. You may also be able to choose or change your PIN yourself.<\/p>\n\n\n\n How does it work?<\/strong><\/p>\n\n\n\n When you enter your PIN, it is compared to the PIN that is stored on file for your account. If the PINs match, the transaction is allowed to proceed. If the PINs do not match, the transaction is declined.<\/p>\n\n\n\n Why is it needed?<\/strong><\/p>\n\n\n\n PINs are needed to add an extra layer of security to banking, payments, and money transactions. Without a PIN, anyone who has your ATM card or debit card could use it to make unauthorized transactions.<\/p>\n\n\n\n Examples<\/strong><\/p>\n\n\n\n Here are two to three examples of how PINs are used in the world of banking, payments, and money:<\/p>\n\n\n\n What is a PIN? A PIN (Personal Identification Number) is a numerical code used to authenticate a person to a system. It is a common security measure used in banking, payments, and money, to protect users’ accounts and transactions. What does it mean\/stand for? PIN stands for Personal Identification Number. How is it used? PINs […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":3611,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"blocksy_meta":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable":" What is a PIN? A PIN (Personal Identification Number) is a numerical code used to authenticate a person to a system. It is a common security measure used in banking, payments, and money, to protect users’ accounts and transactions. What does it mean\/stand for? PIN stands for Personal Identification Number. How is it used? PINs are used in a variety of ways in the banking, payments, and money world. Some common examples include: ATM withdrawals: When you withdraw cash from an ATM, you will be prompted to enter your PIN. This verifies that you are the authorized user of the ATM…<\/p>\n","category_list":"","author_info":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","gb-block-post-grid-landscape":"","gb-block-post-grid-square":"","yarpp-thumbnail":""},"post_excerpt_stackable_v2":" What is a PIN? A PIN (Personal Identification Number) is a numerical code used to authenticate a person to a system. It is a common security measure used in banking, payments, and money, to protect users’ accounts and transactions. What does it mean\/stand for? PIN stands for Personal Identification Number. How is it used? PINs are used in a variety of ways in the banking, payments, and money world. Some common examples include: ATM withdrawals: When you withdraw cash from an ATM, you will be prompted to enter your PIN. This verifies that you are the authorized user of the ATM…<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Faisal Khan","url":"https:\/\/faisalkhan.com\/author\/nomismad\/"},"comments_num_v2":"0 comments","yoast_head":"\n\n
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