Ever Wondered Why ATM PINs Have A 4-Digit Code? There’s An Interesting Reason Behind It. Installed at every corner of the world, ATM’s provide better transactions and security features with just a four-digit pin. So why do ATM passwords are only 4 digits?
Why do ATM passwords (PINs) mostly have 4 digits?
We encounter many simple things with major history and use in our day-to-day life. Cash Machines are one among them. These machines are simply termed as Automated Teller Machine (ATM) as they provide cash 24/7. These machines have made the task to draw money from banks easier.
Why ATM Pin has Only 4 Digits?
Installed at every corner of the world, ATM can provide us money from our bank accounts with a single swipe. Here’s the Reason Why ATM Pin has Only 4 Digits.
ATM cards are in use since 1967. This was created by John Shepherd-Barron. The modern machines we use are the modified version of the invented one. So for security purpose, John used pin verification. Earlier those days the secret pin used to be of 6-digits. On shepherds wife, the secret pin service has been changed to four digits.
History Of ATM – Automated Teller Machines
Based on the modern security, The Recent survey has provided stunning results. One the foremost media have revealed that among 10,000 security pins almost 11% of the pins can be easily cracked by hackers. Hope you learned something new. Make sure to share your impressions in the comments section below and do share this post on your social wall too!