Primary account number (PAN),
Definition of Primary account number (PAN):
Primary account numbers are unique identifiers for different payment cards like credit and debit cards, providing information about the cardholder such as the name, balance, credit limit. PANs may also be used to identify other types of cards that store value such as a gift or prepaid card.
Number code of 14 or 16 digits embossed on a bank or credit card and encoded in the cards magnetic strip. PAN identifies the issuer of the card and the account, and includes a check digit as an authentication device.
The term primary account number refers to a 14-, 15-, 16-, or even up to 19-digit number generated as a unique identifier designated for a primary account. Primary account numbers are also called payment card numbers as they are found on payment cards like credit and debit cards. This account number is either embossed or laser-printed and is found on the front of the card.
How to use Primary account number (PAN) in a sentence?
- Although they may be used as an identifier, PANs don't always provide exact account information as is the case with debit cards.
- A primary account number is a 14, 15, or 16 digit number generated as a unique identifier for a primary account.
- PANs can be used to support account record keeping and resolution.
- Primary account numbers are issued to payment cards such as credit and debit cards as well as other cards that store value like a gift card.
Meaning of Primary account number (PAN) & Primary account number (PAN) Definition