Do I use the same PIN for ATM cash withdrawals and when making purchases at chip-reading terminals?
Yes, you will use your same PIN. Chip is state-of-the-art payment card technology. It is possible to add a biometric application to a chip card platform; in fact, the two technologies can go hand-in-hand. You can store a biometric security feature, such as a fingerprint, on the chip and it will then confirm if you are the authorized user of the card each time you make a transaction (if the point-of-sale terminal is using biometrics as well).CUETS Financial is not currently pursuing this option due to the limited number of locations that accept biometrics. However, we are keeping current with the technology and will consider it when the time is right.
Related Questions
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- Do I use the same PIN for ATM cash withdrawals and when making purchases at chip-reading terminals?
