You may already be aware that with the growing rate of identity theft and fraud, Visa and MasterCard have passed regulations requiring merchants to comply with "account number truncation" rules - a rather technical term for a pretty simple concept. According to the card brand companies, account number truncation requires that merchant accounts suppress - or hide - all but the last four numbers on a printed cardholder receipt, as well as the card expiration date.

In addition, the Fair and Accurate Credit Transactions Act (FACTA) (Public Law 108-159) and many states' laws require merchants to comply with account truncation and expiry suppression rules. Federal and state legal deadlines will vary, but in some states, the deadline for compliance has already passed. For specifics about the laws and requirements in your state, please visit your state's legislative website.

We are here to support you
Whether you require a new application, a new terminal, or both, Chase Paymentech's service support staff can supply you with the expertise - and the technology - to help you choose the best solution for your business.

Compliance Requirements
Meeting the deadlines for Visa and MasterCard will satisfy federal/FACTA requirements. However, some states' deadlines for compliance have already passed. Please keep in mind that each business owner is responsible for ensuring that cardholder and merchant receipt printing procedures are compliant with federal laws, state laws and card brand company regulations.