What does PIN stand for?
Welcome to Answerclub.org
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
A personal identification number (PIN) is a numerical code used in many electronic financial transactions. Personal identification numbers are usually issued in association with payment cards and may be required to complete a transaction. The purpose of a personal identification number (PIN) is to add additional security to the electronic transaction process.When a person is issued a debit card, they are required to choose a unique personal identification number (PIN) that they will need to enter every time they wish to withdraw money from an ATM and, oftentimes, when they make payments at various merchant stores. The system uses the Luhn algorithm to compute and compare the given number to the valid identity. It is crucial that account-holders be cautious about sharing or disclosing their personal identification number to prevent unwanted access to their bank accounts.