Personal identification number

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Personal Identification Number

Commonly called a PIN. A password that a person uses to access an ATM with one's debit card, though they are increasingly being used for all debit card transactions. A PIN protects the person who owns the card from identity theft as well as the risk that a thief can steal the card and then use it without limit. Assuming the PIN is randomly generated when the card is issued and the potential thief has no other information, the thief has approximately a 0.06% chance of guessing the PIN when using the card. It was invented by James Goodfellow, who was also instrumental in developing the ATM itself.

Personal identification number (PIN).

A personal identification number is a combination of numbers, letters, or both that you use to access your checking and savings accounts, credit card accounts, or investment accounts electronically.

You also need a PIN to authorize certain debit card purchases as well as for identification in other situations, such as accessing cell phone messages.

A PIN is one way to help protect your accounts against unauthorized use since presumably no other person would know the four- to six-letter code you have chosen. PINs are not foolproof, however, if you don't take steps to ensure that your code remains private.

References in periodicals archive ?
After initially lying, he admitted "targeting and stealing bank cards and PIN numbers from customers," said Mr King.
He tricked her into handing over her card and PIN number, which was picked up shortly afterwards by a man claiming to be a courier and PS400 was later taken from her account.
These do not require PIN numbers or any additional information, ADNOC officials said.
One said: "I do look for bankcards and PIN numbers for bank cards you can take them straight to the cashpoint.
He advised that bank customers should use their left hand for covering when keying in their pin number so that if there is a camera placed on top is unable to capture it.
What the teachers, cafeteria workers and principals like is that the Electrone Americas keypads are durable, and they facilitate very quick entry of the PIN number, which speeds the serving process.
They were each asked to provide pin numbers of 15 recharge vouchers worth SR 100 each, or five vouchers of SR 300 each.
The Crown Court in Leamington was told between February 2012 and January this year the fraudsters created devices to attach to ATM machines which were able to trap customers' card and record their pin numbers.
In a statement, the Bank's administration said that there two methods of scamming taking place by this gang: the first being switching the client's card with another one stolen before by portending to help them and watching the client as they enter their PIN number.
People can prevent themselves from becoming a victim by covering their pin number with their hand or bag and being more alert when they withdraw money.
Authorities said he didn't need the people's ATM cards, only their PIN numbers.
We advise that customers change their pin numbers immediately.