chip and PIN Meaning in the Cambridge English Dictionary
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Meaning of “chip and PIN” in the English Dictionary

"chip and PIN" in British English

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chip and PINnoun [U]

uk   us   /ˌtʃɪp.ənˈpɪn/
a way of ​paying for ​goods and ​services using a credit card and a ​secretnumberinstead of a signature
(Definition of chip and PIN from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"chip and PIN" in Business English

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chip and PINnoun [U]

uk   us   mainly UK COMMERCE, IT, BANKING
a ​system of ​paying for things using a ​secretnumber and a creditcard or debitcard that has an ​electronic chip in it: When the ​chip and ​PIN are used, a ​PINnumber is ​entered instead of ​signing a ​receipt. a chip and ​PINterminal
(Definition of chip and PIN from the Cambridge Business English Dictionary © Cambridge University Press)
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