PAN Truncation definition
PAN Truncation. A procedure by which a Cardholder’s copy of a Sales or Credit Draft will only reflect the last four digits of the Card account number. PIN: A Personal Identification Number entered by the Cardholder to submit a PIN Debit Card transaction.
PAN Truncation means a procedure that results in only the last four digits of a Cardholder’s account number appearing on the copy of a Sales Draft or Credit Draft retained by the CUSTOMER.
PAN Truncation means a procedure that results in only the last four digits of a Cardholder’s account number appearing on the copy of a Sales Draft or Credit Draft that the CUSTOMER provides to the Cardholder and, as required by applicable law or Card Organization Rules, the Sales Draft or Credit Draft retained by the CUSTOMER.
Examples of PAN Truncation in a sentence
PAN Truncation: A procedure by which a Cardholder’s copy of a Sales or Credit Receipt will only reflect the first 6 and last 3 digits of the Card.
More Definitions of PAN Truncation
PAN Truncation means a procedure that results in only the last four digits of a Cardholder’s account number appearing on the copy of a transaction receipt or Credit Draft that the Merchant provides to the Cardholder.