What is the shortening of PAN?
Shortening the primary account (PAN) is a security measure used in the Point-of-Sale terminals (POS) that protects against fraud. When the customer pays for goods or services with a credit or debit card, card numbers are shortened to confirm the sale with missing numbers replaced by wild cards such as stars. In some cases, only the last four numbers are revealed, but at least four digits must be replaced to maintain regulation. Shortening PAN allows the customer to find out what card he used to protect the account. The theft of credit or debit card numbers not only allows a bilking account, but can also lead to opening new credit lines that victims do not know. At a time when the victim learned about new credit lines, the thief disappeared and left a financial ruin in his awakening.
MasterCard ™ Worldwide Merchant Rules ManualCHNY In addition to the last four digits of a debit or credit card. The existing POS terminals have been upgraded, which provides volatility to the merchants to use programs that suppress fewer numbers, although MasterCard strongly recommends suppressing all except four. Visa ™ International also orders MasterCard's recommendations.
by Global Payments Inc. MasterCard has issued other instructions that require removal of the expiration date of the card from the customer's receipt and the trader to be implemented with software upgrades between October 1, 2008 and 31.
Although shortening Pan can help stop the influx of growing fraud of credit cards by removing other opportunities to theft, it is wise to use a paper shredder confetti for materials thaté contain personal information of any kind. This includes name, address, phone, phone records, accounts and financial records. Bar codes may also contain personal data. Shredding sensitive documents to place one more layer of security with each other and potential fraud.