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What is the difference between signature-based transactions and PIN-based transactions?

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What is the difference between signature-based transactions and PIN-based transactions?

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A signature-based transaction is any time you use your BankAtlantic Debit Card for a purchase where you do not enter your PIN (Personal Identification Number) into the merchant’s keypad at the point of sale. Most signature-based transactions will require you to sign a receipt, but not all “pin-less” transactions, such as Internet purchases, mail order purchases or pay-at-the-pump gas purchases will require a signature.

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