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How is Transaction PIN defined in a legal contract?

• Transaction PIN means the specific personal identification number utilized in connection with the operation of a specific float by each operator. Seen in 2 SEC filings
• Transaction PIN means a confidential password that allows the customer to secure, access, and operate their account. Seen in 1 SEC filing
• Transaction PIN means a confidential numeric password created by the customer at the time of installing a mobile banking service for the first time. Seen in 1 SEC filing
• Transaction PIN means the randomly generated security code sent to the customer’s registered mobile number via SMS, which is required to execute any financial transaction or transmit any instructions through the service. Seen in 1 SEC filing
• Transaction PIN means the auto-generated password, phrase, number, or another type of identification initially given to a sub-user, which is necessary to execute any transaction and which the sub-user will be required to change at regular intervals as prompted by our system. Seen in 1 SEC filing
• Transaction PIN means a personal identification number chosen by the customer for a digital banking system to authenticate the transaction. Seen in 1 SEC filing
• Transaction PIN means a unique personal identification number used by the user to access the USSD System and authorize requests. Seen in 1 SEC filing
• Transaction PIN means the automatically generated password, phrase, number, or any other kind of identification initially given to you by us which you will require to effect any transaction and which you will be required to change on receipt and as prompted by our systems from time to time. Seen in 1 SEC filing

Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Transaction PIN means the unique personal identification code generated and used to secure, authenticate, and execute financial transactions.

Relevant Contract Types

• Mobile and Online Banking Agreement
• Payment Processing Agreement
• Merchant Services Agreement

Relevant Circumstances

• Creation of a new digital banking account
• Setting up online payments system for a business
• Implementing a new transaction system for a business

Relevant Sectors

• Banking and Finance
• Fintech

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Genie Definition 2

• Transaction PIN means the confidential numeric password created by a user for authorizing access to digital banking or operations systems.

Relevant Contract Types

• User Agreement
• Software License Agreement
• Data Security Agreement

Relevant Circumstances

• Users signing up for a software service
• Agreement for user access to sensitive data or systems
• Setting up security measures for a new digital platform

Relevant Sectors

• Information Technology
• Data Services
• Cyber Security

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