Australia to launch credit card and debit card personal identification numbers to verify functionality

In most credit and debit card personal identification number (PIN) to verify the function of a few days ago at the launch of Australia as a whole. Cardholders can choose to enter the PIN for authorization, that is, credit card or a card in the press after the POS machines on the "Cr" or "credit card" button. The local financial services industry, the introduction of the PEN (pen) or PIN (personal identification number) choice of services so that consumers use credit or debit card to enjoy shopping more convenient. Pen or PIN project head of Simon Greig said, "Australia has 44,000,000 credit cards and debit cards, credit card purchases each month the number of people reached 100,000,000 1 thousand 8 million. From now on, we have a To facilitate the mandate of choice, that is, in the POS credit card by pressing the button to enter the PIN to authorize transactions. " He said that as long as they have activated the card PIN, be it credit card or debit card in Australia as a whole can choose to authorize the PIN. This change is not mandatory. PIN to activate the card cardholders still have the option to sign for transactions authorized. Australia all financial institutions and organizations card (Visa, MasterCard, American Express and Diners) supported the plan.