PIN Definition.
Personal Identification Number: the cardholder’s secret code, verified either online by the issuer or offline by the EMV chip. It only ever travels encrypted, in standardized PIN blocks (ISO 9564) handled by HSMs end to end. In France, it is required for contactless card payments above €50, and it remains the standard verification method for in-person payments.
See also
Where this term appears
GuideThe four-party modelGuideThe role of banksGuidePayment schemesGuidePayments in GermanyGuidePayments in the BalkansGuidePayments in the Baltics and FinlandGuidePayments in the Netherlands and BelgiumGuideProtecting customer funds, and what happens when the institution failsGuidePayments in Germany, Austria, and SwitzerlandGuidePayments in Central and Eastern EuropeGuideWhen no authorization is required: exclusions from the scope of payment servicesGuidePayments in France