answersLogoWhite

0


Best Answer

By paying with the CHIP, it means that you have put an amount of money on your bankcard and you can pay small amounts without having to use a code (this system is currently in use in the Netherland). By pay with your pin code (a 4 figure code), you can have the payment deducted directly from your bank account.

User Avatar

Wiki User

17y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: 3 What is meant by the term chip and pin?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do reset Samsung 4200 Chip?

Buy or Build your own resseter, the chip has a 24c04 eeprom, you only need 4 pins to program it trough the serial DB9 port of your pc. Software: Ic-prog or similar


What are the advantages of a chip and pin reader?

1. It is difficult to copy 2. Large amount of data can be stored in comparison to magnetic stripe 3. The card will not be affected by any magnetic field 4. Even when the card is stolen, the thief still needs the PIN, so it is much safer


What is the function of each pin in a 3 pin XLR PLUG?

Pin 1 is for ground, Pin 2 is for positive audio signal, and Pin 3 is for negative audio signal.


What is the maximum number of inputs to a data selector having 3 control pins?

@Elizabethbro this website is for getting answers stop being so harsh


What does the term mother-in-law in bowling mean?

The name for a pin standing directly behind another pin, making it hard to see, e.g. 8 behind 2, 5 behind 1 or 9 behind 3. 


What is meant by the term triangles in football?

when a player makes a touchdown from the 30 line (3=triangle)


Which patch panel pin 3 connects to which pin on the opposite end of the cable?

On a standard patch cable the ends are wired the same. Pin 3 connects to pin 3.


What is meant by the term reballing?

The term reballing comes from the term reball. This term means to remove solder balls from the mother board of a Playstation 3 and replaces the old with the new ones.


How tall is Chip Lohmiller?

Chip Lohmiller is 6' 3".


How many phonemes in the word chip?

3


What is the difference between mega man star force 3 black ace and mega man star force 3 red joker?

There are greater chances to get a certain chip in one game than another. For example, there is a 15% chance to get chip A and a 3% chance to get chip B in red joker and a 3% chance to get chip A and 15%chance to get chip B in black ace.


What do the negative sign in front of the number 3s means in algebraic expression?

It means that the term for which 3 is the coefficient is meant to be subtracted.