What is a credit card PIN? Effective security guide

Nowadays, credit cards have become a useful tool to help businesses manage cash flow effectively. In particular, a credit card PIN acts as an important layer of protection to help minimize risks when making transactions. So what is a credit card PIN, and why should businesses care? Let's find out with SeABank in the article below.

What is a credit card PIN?

A credit card PIN is a security number set by the cardholder, usually 4 to 6 characters long. This is confidential information, known only to the cardholder; the bank does not store or access the customer's PIN.

When the card is first issued, the customer will receive the PIN code via one of the methods, such as SMS message, a security envelope included with the card, or set up directly on the Mobile Banking application. The method of receiving and activating the PIN code may vary depending on the policy of each bank, to bring the most convenient and secure experience to users.

A credit card PIN will help businesses transact more securely

When to Use a Credit Card PIN and When Not to

For corporate credit cards, PIN codes are an important factor in controlling spending and ensuring security in all transactions. Understanding when and when not to enter a PIN code will help businesses maintain security while optimizing convenience for employees during the payment process.

When to use a credit card PIN

Businesses and employees - authorized card users will need to enter a PIN in the following cases:

• Withdraw cash, transfer money, and check account balance at the ATM.
• Authenticate special transactions at the counter or multi-function ATM (e.g., change PIN, lock/unlock card, update new card information,...).
• Payments at POS machines that require a PIN (Some POS machines, especially in other countries or with specific card types, will require you to enter a PIN instead of just a signature).

When not to use a credit card PIN

In many cases, businesses can make quick payments without a PIN, optimizing time and process:

• Pay at the POS by swiping or tapping your card.
• Spend online on e-commerce websites or international service platforms, just enter the card number, expiration date, and CVV/CVC security code.
• Contactless payment.
• Payment via mobile applications such as Apple Pay, Google Pay, Samsung Pay,...

Instructions on how to protect your credit card PIN safely

PIN security plays a key role in corporate financial management. When used correctly, PINs not only help secure transactions but also minimize the risk of budget loss or fraud.

To effectively protect PIN codes, businesses should apply the following guidelines to all personnel authorized to use the card:

Set up a strong PIN

When creating or changing your business credit card PIN, avoid using easily guessable numbers such as your company's founding date, contact phone number, or repeating number sequences.

Even if there are no signs of anything unusual, changing your PIN periodically (about every 6 months) is an effective way to increase security.

You should set a strong PIN code for safer transactions.

Do not share your PIN in any way

PIN is confidential information; only authorized card users are allowed to hold it. Enterprises need to develop a management process that strictly prohibits recording and storing PINs on paper, personal devices, or note-taking applications.

At the same time, it is necessary to train staff to be vigilant against fake forms such as calls, emails, or text messages requesting PIN codes to avoid the risk of corporate financial loss.

Keep your credit card safe

Businesses need to have clear regulations on the storage and use of credit cards to avoid revealing confidential information, including PIN codes. Cards should be kept in a safe place, not together with important papers or documents containing business information.

When making transactions at ATMs, the cardholder or card user should cover the keypad when entering the PIN and observe the surrounding environment to avoid being monitored. For payments at POS, it is necessary to ensure that the card is swiped or tapped directly in front of the cardholder. card, minimizing the risk of unauthorized data copying.

Contact the bank immediately if the card shows any unusual signs.

In case of detecting signs of credit card compromise, businesses need to act promptly to limit financial risks. If the card is lost or suspected of being stolen, the cardholder or card user should immediately contact the bank's hotline to request an emergency card lock.

In addition, many banks now also provide the emergency card locking feature right on the banking application. With SeABank, businesses can lock the card right on SeANet or SeAMobile Biz as soon as the card shows signs of abnormality.

Similarly, when receiving an unidentified transaction notification, immediately notify the bank for inspection and processing, ensuring the safety of the business's cash flow.

Choose to use a credit card at a reputable bank

Choosing a reputable bank to issue a credit card not only brings peace of mind about security but also ensures the ability to manage spending and optimize costs. A suitable credit card will help businesses flexibly control cash flow while enjoying outstanding privileges.

Among the banks today, SeABank is considered one of the leading units providing comprehensive financial solutions. The bank currently offers two outstanding credit card product lines for businesses: SeAMileage co-branded credit card and Visa Corporate credit card, simultaneously meeting the needs of spending, management, and increasing value for businesses.

SeAMileage Co-Branded Credit Card

SeAMileage Card is a premium credit card issued by SeABank in cooperation with Vietnam Airlines, especially suitable for businesses that need to work and travel frequently. With each spending transaction, businesses accumulate air miles to redeem air tickets, upgrade seats, or use other aviation services.

Cardholders also enjoy many privileges, such as business class lounges, airline ticket discounts, and premium travel services. In addition, the card also integrates advanced security technology (EMV, 3D Secure, Contactless), ensuring safety for all transactions. This is a tool that helps businesses control cash flow flexibly and increase financial management efficiency in the organization.

The SeAMileage card is issued by SeABank in cooperation with Vietnam Airlines

Visa Corporate Credit Card

Visa Corporate is a comprehensive financial solution designed by SeABank specifically for businesses, supporting transparent and effective expense management. With a high credit limit, businesses can be proactive in regular expenses such as administration, equipment purchases, event organization, or large-scale business activities.

The card also integrates advanced security technology (EMV, 3D Secure, Contactless), ensuring safety for all transactions. This is a tool that helps businesses flexibly control cash flow and increase financial management efficiency.

The SeABank Visa Corporate credit card will support businesses to spend more transparently

Conclude

Understanding credit card PINs will help businesses be more proactive in all transactions, ensure financial security, and improve the efficiency of spending management. If your business is looking for a comprehensive financial solution, explore SeABank's corporate credit card products now.

For more information, please call hotline 1900 599 952 or contact the nearest Branch/Transaction Office for advice and support.