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Every use of the PIN exposes it, and the exposure has a cost attached. For small value transactions, say less than 50 Pounds, it is probably not economically justified.
Moreover, establishements where most of the transactions are low value could probably use much cheaper terminals, that do not have PIN pads at all.
No PIN used, no PIN stolen.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Oleksandr Strozhemin Co-founder and CEO at Trinetix
13 August
Elaine Mullan Head of Marketing and Business Development at Corlytics
12 August
Abhinav Paliwal CEO at PayNet Systems- A Neo Banking Software Platform
Donica Venter Marketing coordinator at Traderoot
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