Encoded Account Numbers
Services:
Processor:
Depending on your type of business, you might be eligible to acquire from an issuing bank a list of the customers who have credit cards issued by that bank. The list does not include the customers’ credit card numbers, but instead includes encoded account numbers. Some processors refer to this type of program as issuer encryption and to the numbers as encrypted account numbers. This type of program is designed to protect customer information according to the provisions of the Gramm-Leach-Bliley Act.
When processing a payment or credit for one of these customers, you use the encoded account number instead of the customer’s credit card number. The issuing bank then matches the encoded account number to the customer’s credit card number when processing the payment.
You must contact your processor to obtain the information required for the Credit Card Encryption program and you must have a relationship with the bank in order to acquire their list of customers.