🔐 What Is MyDebit Card Present (Chip & PIN)?
MyDebit Card Present (Chip & PIN) is a secure payment method where cardholders use their MyDebit or ATM cards at merchant Point-of-Sale (POS) terminals by inserting their chip-enabled card and entering their Personal Identification Number (PIN).
This method enhances transaction security by authenticating the cardholder and reducing fraud risks compared to signature-based verification.
🔎 Key Points:
- 💾 The card contains a microchip that securely stores payment data.
- 🔢 The PIN is a 6-digit code known only to the cardholder, used to authorize transactions.
- 📥 Cardholders must insert the card into the POS terminal and enter their PIN.
- ✍️ No signature is required for Chip & PIN transactions.
- 📶 Contactless payments under RM250 may not require PIN entry (refer to Contactless FAQ).
- 📋 Chip & PIN compliance is mandatory for merchants since July 2017; non-PIN transactions are declined.
Tip: Always remember your 6-digit PIN and never share it with anyone to ensure your payment security.