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What is a pin number?

Info Guru, Catalogs.com

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Closely guard your PIN number
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Wondering what is a PIN number? Simply, it's your personal identification number

If you canít remember your PIN number or donít have a PIN number Ö YIKES! Youíre in hot water. PIN numbers are now ruling our lives.

With the move away from paper transactions, and the move toward electronic transactions, PIN numbers - PINs - are required in almost every transaction that you make.

A PIN number is your "personal identification number." You cannot tell anyone your PIN number. If you do and that person has access to your bank card or another kind of account, if they are unsavory, you may become the victim of identity theft and you do not want THAT to happen. That's a real mess to try and straighten out.

The first ATM machine was used in 1967 and a PIN number was, obviously, required. A PIN number is a secret numeric password. The user or cardholder shares this password with the system he is using. The PIN number authenticates the user to the system. The user gets access to the account only when the number that is entered matches up with the number that is stored in the system.

When you use a PIN number you are able to access electronically secured information. Usually, a PIN number is four numbers but sometimes it is longer.



When using an ATM or automated teller machine, you are required to enter your PIN number. PIN numbers are now frequently being used when a person uses his credit or debit card. Nowadays, consumers enter their PIN number instead of signing a receipt at the point of sale.

If you are trying to access an account and enter the PIN number incorrectly three times, you may be shut out of the account. And, yes, we all hate it when that happens. This requires that you call the institution in question, tell them you can't remember your PIN number, have been locked out of your account and so on. You have to jump through a bunch of hoops and your PIN number will probably be changed. Be patient. It happens to us all.

According to the Daily Mail, those intent on fraud are capable of figuring out your PIN number by the heat traces that your fingers leave behind on a cash machine, which is a frightening thought. Scientist were capable of accurately pinpointing a person's PIN number by using an infrared scanner on the ATM after it was used. However, even though the scientists were able to accurate detect which buttons were pressed it is difficult for them to determine the order in which the numbers were pressed, which is some relief to consumers.

However, even though the scientists were able to accurate detect which buttons were pressed it is difficult for them to determine the order in which the numbers were pressed, which is some relief to consumers.

PROTECTING YOUR PIN NUMBER

When you open an account, you may be assigned a PIN number of you may be required to come up with one on your own. Choose a number that is unique and not easily figured out. Do not pick your birth date, address or phone number. Pick a random number that is not associated with you or your children.

When you are inserting your PIN number, cover the pad with your other hand. When a person is hovering too closely while you are in the process of inserting your PIN number do not hesitate to ask him, politely to look the other way. It pays to be extra careful.

The security of your PIN number is of utmost importance.


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