Mastercard pin how many digits

Moreover, if due to some type of negligence these details are leaked, then it might lead to the frauds. What is the meaning of 16 digits written on Debit Card? Even the Global Hologram printed on the debit card is a type of security hologram which is very difficult to copy. It is three dimensional. The date and year of expiry is also written on the debit card so that the card holder can remember that after this date, debit card will not work.

What is the meaning of first digit on Debit Card? Source: www. Like the Banks, Petroleum etc. It is different for different industries. The first 6 digits of debit card tells about the company which has issued the card. The next 9 numbers from 7 th to 15 th digit , leaving the last digit are:. From 7 th digit to 15 th digit, leaving the last digit, are linked to your bank account number.

We cannot call it your bank account number but this number is linked with the account. But there is nothing to be worried about, as these numbers does not reveal anything about you and your bank account. It has only been issued by the card provider and is kept unique. The last number of debit card is known as Check Digit. From this digit, it can be inferred that whether the card is valid or not.

At the time of Online Shopping, CVV number is required so that the transaction can be completed properly. CVV is the three - digit number, which is given at the back of the card, it is generally present near the signature strip and is highlighted in italics. So we can say that these 16 digits or numbers on the debit card represents Bank Identification Number and Unique Account Number of the card holder. Frequently asked questions on debit or ATM card:. What is a debit card? Debit card is also known as ATM card, plastic card, check card or bank card that can be used instead of cash at the time of purchasing.

It is the most convenient and secure method to say no to cash. With the help of debit card do online payments, balance enquiry and also can generate mini-statements from an ATM. The issuing bank does additional security checks on the transaction to ensure that it is not fraudulent. The issuing bank takes additional security precautions when receiving a transaction communication from a merchant in order to ensure the safety of the transaction.

Once confirmed by the issuing bank, communication is sent through the processor to the merchant acquiring bank who notifies the merchant and begins settlement on the transaction. Credit Cards. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

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Personal Finance Banking. Key Takeaways A personal identification number PIN is a numerical code issued with a payment card that is required to be entered to complete various financial transactions.

The core purpose of a personal identification number PIN is to provide an additional layer of security to the electronic transaction process. Debit cards are the most common instance in which individuals will need to use a personal identification number PIN , primarily when they withdraw money from their bank account. As PINs are used to verify an individual's identity, they are also used in many other instances, such as home security and mobile phones.

It is recommended to choose a personal identification number PIN that is longer than shorter, hard to guess, and not related to personal information, such as a birthday or Social Security Number. As merchant transactions are easy to complete with a card, the use of a personal identification number PIN guards against any fraudulent behavior.

Related Terms Payment Gateway A payment gateway is the front-end technology that reads payment cards and sends customer information to the merchant acquiring bank for processing.

Earlier you must have come across that, every time when you went to open a bank account you would be given a new debit card in a letter. In that letter, you would have debit card and four-digit random numbers given by bank which used to operate like your ATM pin. However, in case of online banking, some banks also not only take your debit card PIN in consideration but also use One-Time Password and other services.

Hence, you must keep your ATM pin safe. But not many are aware how to exactly generate debit card pin. Before we get into how to generate ATM pin, one must note that you should register your mobile number with bank and must be the customer to carry this facility at an ATM.

This means, you should not let anyone either be your spouse, family or friends to generate an ATM pin. Step 1 - Visit your nearby bank branch, and insert your debit card in teller machine. Step 2 - There will be host of options available like cash withdrawal, balance enquiry and mini statement etc. However, right below these options you must find another pointer which would say generate ATM pin.

Step 4 - Firstly, you have to select generate OTP, and within few minutes you should receive a six-digit code on your registered mobile number. Step 6 - You will be once again directed to the same two option page involving OTP.