What is a payment instrument?

A payment instrument is either a physical or virtual material allowing the cardholder to make a transaction. It is commonly called a “card” and contains the following informations:

  • PAN
  • Validity Date
  • Cardholder Name
  • Magnetique stripe
  • Chip
  • CVV / CAVV / CVC

A payment instrument is encrypted to preserve the cardholder information.

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