A debit card Personal Identification Number (PIN) is a confidential numerical code used to authenticate transactions and access banking services. It serves as a crucial security measure to prevent unauthorized use of the cardholder’s funds. Compromising the PIN can lead to financial losses, therefore maintaining its secrecy is paramount. An example of its usage is entering the PIN at an ATM to withdraw cash or during a point-of-sale transaction to authorize a purchase.
The ability to modify this security code provides cardholders with increased control over their financial security and mitigates risks associated with potential compromise. Regularly updating this code, or doing so in response to suspected breaches, strengthens protection against fraud. Historically, PIN changes often required in-person visits to a bank branch, but modern banking practices have broadened access to more convenient modification methods.
