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Account Number Truncation

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Our cash advance terminals have all been reprogrammed for truncation compliance. We have always put the cardholder's information on our General ledger slips - name, card number and expiration date, and approval number. I have asked our vendor, who we have our credit card business with, if we can still do that. They have answered that we can because it is for bank business. Someone here at the bank is still questioning if we are allowed to put the credit card number on our GLs. Could you please clear this up for me?

Truncation compliance is designed to mask the card number on the customer-retained "receipt." It's still OK to retain card information "in house." It's the receipts that cause most of the identity theft problems, since customers are notoriously careless about tossing them out intact.

First published on 8/16/04

First published on 08/16/2004

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Filed under compliance as: 
Filed under technology as: 

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