PAN is an acronym associated with credit cards. What does it stand for?

PAN is an acronym associated with credit cards. What does it stand for?

• A. Primary Account Number
• B. Personal Authorization Number
• C. Payment Account Number
• D. Personal Account Number

Answer: (D)

PAN stands for Primary Account Number. This is the main 15- or 16-digit number on a credit or debit card that identifies the cardholder’s account to the payment network and the issuing bank. During a transaction, the PAN is used to route the request and locate the exact account to be charged. The other terms listed aren’t the standard terminology for this identifier in card processing, so Primary Account Number is the correct and widely used label.

PAN stands for Primary Account Number. This is the main 15- or 16-digit number on a credit or debit card that identifies the cardholder’s account to the payment network and the issuing bank. During a transaction, the PAN is used to route the request and locate the exact account to be charged. The other terms listed aren’t the standard terminology for this identifier in card processing, so Primary Account Number is the correct and widely used label.