answersLogoWhite

0

What else can I help you with?

Related Questions

What are chip and pin machines used for?

The simplest system - is on your ATM card. When you insert your card into an ATM - the system reads the data stored on the chip. It then matches that data with the central computer - so it knows what PIN should be entered. If you enter the correct PIN, you can proceed to withdraw cash - if the PIN is wrong - you get another two attempts, before the machine retains your card. Using a chip & PIN card in a shop to buy goods - the system is the same as an ATM. The difference is - if you fail to enter the correct PIN three times, the system simply disables your card - and you have to order a new one !


What is a chip reader?

it is a machine in which the pin or chip is read. hope it was helpful.


How does a credit card machine work?

You put your card into the machine, the magnet recognizes the strip on the card and asks for the pin. The user enters the pin and then next paths are made.


Can you explain the security features of a credit card with chip and pin"?

Credit cards with chip and pin have enhanced security features compared to traditional magnetic stripe cards. The chip generates a unique code for each transaction, making it harder for fraudsters to clone the card. The pin adds an extra layer of security, as it is required to authorize transactions. This combination of chip technology and pin verification helps protect against unauthorized use of the card.


How is an ATM pin number made?

An ATM PIN (Personal Identification Number) is generated in a number of ways. Some banks allow users to change their numbers and select a number which they will remember; however normally with first issue this will be a randomly generated number and would be issued along with the card. The PIN number is normally encrypted and stored on the magnetic card (or chip) on the card. When the card is put into and ATM the ATM machine decrypts the PIN and matches it against the number entered by the user into the machine.


Can you use a debit card to apply for argos credit?

yes chip and pin


Where is ATM PIN on card?

ATM PIN is stored as secured information in the magnetic strip of the card, which is recognized by the machine once the card is put in and PIN is typed. To know more about secured ATM PIN check Nationalcash.


How chip and pin technology will fight credit card fraud Why does the card need a chip?

bought chips with credit card never rdeceived chips face book have my money, how do i get it back


What is a verve card?

A verve card is a multipurpose card that is enabled with a chip and a pin. Fund on the verve card can be accessed online in real time.


What are the advantages of a chip and pin reader?

1. It is difficult to copy 2. Large amount of data can be stored in comparison to magnetic stripe 3. The card will not be affected by any magnetic field 4. Even when the card is stolen, the thief still needs the PIN, so it is much safer


Can you explain the security features of a credit card with pin and chip"?

A credit card with a PIN and chip has enhanced security features to protect against fraud. The chip generates a unique code for each transaction, making it harder for thieves to replicate the card. The PIN adds an extra layer of security, as it is required to authorize transactions. Together, these features help prevent unauthorized use of the card and protect the cardholder's personal and financial information.


Can you explain how the credit card chip and pin technology enhances security during transactions"?

The credit card chip and pin technology enhances security during transactions by creating a unique code for each transaction, making it harder for fraudsters to steal and use card information.