PIN verification, or Personal Identification Number verification, is a security measure used to authenticate individuals and ensure that only authorized users have access to certain systems, accounts, or services. A PIN is typically a numerical code known only to the user and is used as a form of password or identification.
PIN verification in Point of Sale (PoS) transactions refers to the process of confirming a customer’s identity by having them enter a Personal Identification Number (PIN) associated with their payment card. This adds an extra layer of security to card-present transactions, particularly when using debit cards or chip-enabled credit cards.
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PIN verification helps prevent card-present fraud and unauthorized transactions in case the card is lost or stolen.
It’s worth noting that while PIN verification is more common for debit card transactions, some chip-enabled credit cards also support PIN verification as an option for added security.
