PIN Authorization Request (PIN Verification)

A PIN Authorization Request, also known as PIN Verification, is a critical security procedure used in electronic payment systems to validate a cardholder's identity. This process involves the cardholder entering their Personal Identification Number (PIN) during a transaction, which is then compared to the PIN associated with the card account stored by the card issuer.

The primary steps in a PIN Authorization Request are as follows:

The PIN Authorization Request is a fundamental aspect of maintaining security in financial transactions. It not only protects the cardholder's account from unauthorized access but also minimizes the risk for the issuing bank and the merchant by ensuring that the transactions are being conducted by the rightful owner of the card. This process is integral to the trust and efficiency of the modern electronic payment ecosystem.