chip and PIN


chip and PIN

n 1. (Electronics) a. a system for processing credit cards requiring the customer to enter a unique identification number instead of a signature to authorize a paymentb. (as modifier): chip and PIN transactions. 2. (Commerce) a. a system for processing credit cards requiring the customer to enter a unique identification number instead of a signature to authorize a paymentb. (as modifier): chip and PIN transactions. [C21: chip (sense 8) + PIN]