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Business Terms and Jargon Explained

What is CHIP and PIN

This is a security measure by the bank to prevent fraud. A credit card has a chip in it and to use the card the card holder will have to type in a numeric code which is called a pin. All credit card and bank card now have chip and pin.

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Free Circulation Magnum opus BIMBO
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Term created / updated 2009-08-24 14:23:54

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