Definition

PAN truncation (primary account number)

PAN (primary account number) truncation is a technology that prevents most of the digits in a credit card, debit card or bank account number from appearing on printed receipts issued to customers. PAN truncation is used by point-of-sale (POS) terminals and has become nearly universal in recent years. In many jurisdictions, PAN truncation is mandated by the government. The intent is to prevent fraud or identity theft in case a printed receipt is lost or carelessly discarded.

Most credit card accounts are identified by a string of 16 numbers in four groups of four digits. When PAN truncation is used, only the last set of four digits appears on the printed receipt issued to the customer. The first three sets of four digits on the customer's receipt are replaced by wildcard characters, usually asterisks (*). The receipt contains enough relevant information so the buyer may, if necessary, identify the transaction at a later date. Such information can include the merchant's name and store location, the item or items purchased, the dollar amount of each item in the purchase, the amount of sales tax paid, the date and the time. Similar truncation is used by many banks on printed receipts for deposits or cash withdrawals made to or from to customer accounts.

This was last updated in January 2008

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I am applying pan card for the purpose of collect the money from my post office account. I need the content and ideas for applying the pan card. What is the pan card uses for the middle class people? What are the uses for pan card for the students? I need to collect those types of information in for recording the documents. It is mainly stored for the purpose of sharing the details to the new applicants. I have decided to start the new blog for sharing those types of information from that. Your post is tells about the pan card transactions and other types of required materials here. I am collecting the goal and restaurant bills are getting some tax amount. I need to capture the information about company pan card. Why the businessmen are using pan card for company? I am getting the values and amount for at the time of applying pan card. I am collecting the people reviews and issues also. The pan card is issued by the income tax department. My all transactions and payments are stored in the pan card. It is really good for find the tax amount. 

I am also need the pan card notification and application for any new plans coming. If your post is given the good circulation of matters and inform about the black money on the tax basis. Post is really nice and getting wonderful information. Thanks for sharing this. I am also getting the idea for making the blog post for my site. I want more information to collect about the pan card. So I want helps for getting reference ideas. I am joining with your group here. Please share these types of matters. I am reading all post in your blog. Blog posts are getting great and good information for me.
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