BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the name for the personalized password that each customer must enter before making ATM transactions?
A
EFT
B
PWD
C
PIN
D
PRT
Explanation: 

Detailed explanation-1: -In case of Non-Personalized card (without name/ photo) the card is issued immediately by branch. In case of a personalized card (with name/ photo) the card can be made available after 7-10 days.

Detailed explanation-2: -You get three chances to enter your PIN correctly – after that, your debit card will be locked. To unlock your PIN, you need to visit a cash machine. You also need to know the correct PIN.

Detailed explanation-3: -MPIN-Mobile Banking Personal Identification Number. MPIN is a four or six digits passcode required every time while making a transaction through mobile banking apps. This is a customer authentication number, which is essential to secure their banking details before every transaction.

Detailed explanation-4: -An Identity Protection PIN (IP PIN) is a six-digit number that prevents someone else from filing a tax return using your Social Security number or Individual Taxpayer Identification Number.

There is 1 question to complete.