PINWise – PIN Numbers compulsory from 1st August, 2014

Information verified correct on December 9th, 2016

From August 1st, you’ll be required to ditch your pen for your PIN when using your card to make purchases in Australia. Find out what is takes to be PINwise.

What is PINwise?

PINwise is a campaign from the Industry Security Initiative (ISI) which aims to educate people about using their PINs for card transactions. The ISI is made up of representatives from Visa, MasterCard and Diners Club International, and their campaign encourages cardholders to use their PINs in light of new legislation which will require the use of PINs to authorise purchases from August 1st, 2014.

Going from Pen to Pin on August 1

  • Can I still use the sign option? Why will I have to use my PIN from now on?

    From August 1st, 2014 you are required to use PINs to authorise purchases. Using a PIN is safer than signing to authorise a card transaction. When you enter your PIN, your transaction is sent in real-time to your card issuer, namely your bank or credit union, who they then authorise the encrypted transaction. If you lose your credit card there is a chance that the thief may be able to imitate your signature. Whereas now, the thief would need your card and your PIN to use your card.

  • How can I get a PIN or find out my PIN?

    If you hold a debit or credit card issued in Australia, then your card will already have PIN. If you are not aware of this PIN you will be able to request another one from your bank or card issuer over the internet, by phone or through the mail. Some banks/card issuers may also allow you to choose your own PIN, which can help you as you'll be able to select something you will remember.

    I've got a lot of cards. How do I remember all my PINs?

    As mentioned above, some card issuers will allow you to select your own PIN. If you are able to do this, you may be able to choose the same PIN for all of your cards or choose something that is relatively easy to remember. Just remember to take every precaution to keep your PIN secure in order to minimise the chances of someone being able to find your PIN out.


Using your PIN instead of your pen: A quick guide

Nearly all transactions in Australia made using a debit or credit card will require a PIN. There are, however, a few exceptions. This includes contactless transactions for under $100, transactions made at unattended terminals, small ticket payments that don't require a signature or PIN, and some signature-only cards that are still issued by some providers.

Mastercard and Visa allow contactless payments:

Paypass with Mastercard

Rates last updated December 9th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
ANZ Low Rate
$100 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $58 p.a. Go to site More info
ANZ Low Rate Platinum Credit Card
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $99 p.a. Go to site More info
Emirates Citi World MasterCard
Receive 40,000 bonus points and enjoy up to 10% off Emirates flights when you meet the spend requirement. Also pay a reduced annual fee for the first year.
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) Go to site More info

Paywave with Visa

Rates last updated December 9th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
St.George Amplify Platinum
This card features a 30,000 bonus points offer, introductory interest rates on balance transfers and purchases and an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $0 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 18 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
Citi Simplicity Card
Take advantage of the 0% p.a. for 9 months offer on balance transfers, a low interest rate on purchases, an annual fee waiver for life, plus 5% cashback on retail purchases.
19.99% p.a. 0% p.a. for 9 months $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info

Learn more about and compare Contactless Paywave and Paypass Credit Cards here

You will only need to use a PIN when you are physically withdrawing money from an ATM or paying in person at a point-of-sale terminal. A PIN is still not required when making purchases online or booking anything over the phone or by mail. The PIN you use is the same one when withdrawing cash at an ATM using your card.

PIN Security tips

  • Don't use numbers that can be easily guessed or from information that is publically available, such as your birth year or your birth date
  • Avoid choosing a PIN that uses repeat numbers or numbers in a sequence ie. 4444 or 5678
  • Some card issuers let you choose longer PINs of up to six characters. This is harder for a thief to guess and makes for a more secure PIN
  • Do not disclose your PIN to anyone, including staff at your bank. Staff do not need to know your PIN and shouldn't ask for this information
  • If you think someone has discovered your PIN you should change it immediately
  • Do not ask retail staff to enter your PIN for you
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PINwise for the physically and mentally impaired

Using a PIN may not be as accessible for some as it is for others. For those with physical and mental impairments that may have difficulty using a PIN, it's best to get in contact with your card provider. You may be able to request a replacement card that will allow you to continue to use your signature to authorise payments.

Being PINwise when travelling to and from Australia

Before you travel overseas, make sure you know your PIN so you'll have ready access to your money. If you have a six digit PIN, you may not be able to process transactions overseas using your card. If you have no second payment option to rely on while travelling, it may be worth switching to a four digit PIN for the duration of your trip.

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What do I need to do to be PINwise?

  • Find out your PINs for all your debit and credit cards
  • Learn your PINs or change them to something you will remember, but that won't be guessed by someone else
  • Start using your PIN instead of your signature for point-of-sale transactions from August 1st 2014.

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2 Responses to PINWise – PIN Numbers compulsory from 1st August, 2014

  1. Default Gravatar
    | July 30, 2014

    Hi – The other day I went to a major hardware chain and bought about $30 of stuff. Fronted up to the checkout, shoved the Debit MasterCard in the slot, and the next thing I knew I was given a receipt and was being ushered out the door with my purchase.

    My problem is, I was expecting to be asked for my PIN. I have carefully disabled the PayWave feature so I would be required to use the PIN, now it seems nobody wants me to enter it!

    Is it possible to get a recognised Debit Card that absolutely demands I use my PIN on EVERY transaction? The minor inconvenience is absolutely nothing compared to the hassle of disputing payments when your card has been, er, “misused”. I’ve had to do it once when our cards were hacked, and I never want to do it again.

    • Staff
      Elizabeth | July 31, 2014

      Hi gordon451,

      Thanks for your question.

      This would depend on your card provider (your bank), although I am currently unaware of a debit card that would allow you to do this. You’ve already mentioned that you’ve disabled the PayWave feature. All card transactions should require a PIN except for some small ticket payments under $35, transactions from unattended terminals, etc. Your best bet may be to get in contact with your bank and discuss your security concerns, and they may be able to discuss a solution.

      Hope this has helped.

      Thanks,

      Elizabeth

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