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Record Retention Period for MC Account Number?

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Question: 
Is there a Record Retention Period for a MasterCard Account Number on file? We are the issuer of the card and the Bank continues to hold the account number on file even when it has expired. Do the same rules​,​ if any, apply for VISA?
Answer: 

We are the issuer of the card and the Bank continues to hold the account number on file even when it has expired.

Hold it where and why? This question is not specific enough to answer.

First published on 08/26/2018

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