Pinbased
Pinbased is a term used to describe systems or processes that rely on a Personal Identification Number (PIN) as the primary factor for authenticating a user or authorizing a transaction. In common usage, pinbased refers to PIN-based payments and access-control mechanisms, where entering the correct numeric code grants access or completes a transaction. The term is often used in contrast to password-based or biometric approaches and is frequently associated with chip-and-PIN cards and EFTPOS terminals.
In payments, pinbased systems are widely deployed in ATMs and point-of-sale devices. In EMV environments, the
Advantages of pinbased systems include low cost, broad user familiarity, and offline usability, while limitations include
See also: PIN, PIN block, EMV, chip and PIN, ISO/IEC 9564, two-factor authentication.