How Personal Identification Number (PIN) Works
A PIN is typically used at the point of sale to verify the cardholder’s identity before payment authorization. Once the PIN is entered and approved, the transaction request is sent to the acquiring bank through the processing network. The acquirer then contacts the issuing bank, which performs fraud checks and verifies that sufficient funds are available.
After confirmation, the authorization is returned to the acquirer via the processor, who notifies the merchant and initiates settlement. This real-time communication between all parties ensures secure, compliant, and efficient payment processing.
Within Akurateco’s infrastructure, you have access to secure API integrations with issuers and acquirers, ensuring real-time authentication and eliminating the need for developers, complex manual setup, or maintenance.
Why Personal Identification Number (PIN) Matters for Your Business
PIN authentication reduces fraud, simplifies management, and strengthens compliance across global markets. It’s one of the most reliable methods for preventing unauthorized transactions and safeguarding financial services.
Akurateco’s payment orchestration solution features strengthen these capabilities by offering seamless API integration, enterprise-grade support, and scalable infrastructure. Businesses can handle multiple payment projects in many use cases without the complexity of building everything from scratch and incurring high development costs.
Wrapping Up / Final Note
A Personal Identification Number ensures that every transaction is secure, authorized, and compliant. It remains one of the most trusted methods of protecting cardholder information and preventing fraud.
Akurateco’s payment orchestration platform provides a cloud-based infrastructure that unifies multiple issuer banks, simplifying transactions for merchants and supporting seamless global expansion. It helps companies build a reliable payment system with flexible pricing and strong security, delivering a customizable solution that fits diverse business needs.
- Add payment methods instantly without developing new integrations.
- Benefit from built-in fraud protection, smart transaction routing, and reconciliation capabilities.
- Avoid regulatory burdens, as the main gateway will take care of compliance.
