Yes, pips is a Scrabble word!

Verb

1. Kill by firing a missile

2. Hit with a missile from a weapon

3. Defeat thoroughly

Noun

1. A disease of poultry

2. A minor nonspecific ailment

3. A small hard seed found in some fruits

4. A mark on a die or on a playing card (shape depending on the suit)

5. A radar echo displayed so as to show the position of a reflecting surface