CHIP AND PIN


Meaning of CHIP AND PIN in English

(also ˌchip and ˈpin ) (both BrE ) noun

[ U ] a system of paying for sth with a credit card or debit card in which the card has information stored on it in the form of a microchip and you prove your identity by typing a number (your PIN) rather than by signing your name :

Chip and PIN is designed to combat credit card fraud.

Oxford Advanced Learner's English Dictionary.      Оксфордский английский словарь для изучающик язык на продвинутом уровне.