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RBA Glossary definition for PIN

PIN – Personal Identification Number

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Resource Costs of Payments

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
Signature- and PIN-based card transactions are reported by merchants to be slower than cash but considerably quicker than cheques. ... Concurrently, costs have been boosted by higher staff wages and investment expenditure associated with terminal
https://www.rba.gov.au/publications/rdp/2014/2014-14/resource-costs-payments.html

Related Literature and Scope

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
The move from signature authentication to PINs for American Express, Diners Club, MasterCard and Visa cards (eftpos has always been PIN-only). ... In addition, lower-value payments often no longer require PIN authentication. The increased issuance of dual
https://www.rba.gov.au/publications/rdp/2014/2014-14/related-literature-scope.html

Conclusion

31 Dec 2014 RDP 2014-14
Chris Stewart, Iris Chan, Crystal Ossolinski, David Halperin and Paul Ryan
In particular, overhead cost savings have been realised through greater use of new technology, and tender times have been reduced through the adoption of PIN and contactless technology.
https://www.rba.gov.au/publications/rdp/2014/2014-14/conclusion.html