The question of when—and if—online PIN debit will come to fruition has long been a subject of industry debate. Solutions first surfaced in the mid-1990s, only to be stymied by the need for expensive desktop hardware and adoption hurdles. Over the years, stringent card-not-present transaction rules rendered it difficult, if not impossible, for EFT networks to move ahead with online PIN debit. But now, new online PIN debit software pilots, along with development on the hardware front, are bringing online PIN debit closer to reality.

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