Payment mechanisms: pan vs track2 vs pin

iVeri Gateway separates accounts into 3 different payment mechanisms:

• PAN

• Track2

• PIN

In order to process a transaction with an account you need to know which payment mechanism you are going to use.

Note that independent of the payment mechanism is used, the iVeri Gateway returns a dotted out “PAN” which can be used for display purposes.

PAN (also known as “Card Not Present” or “Keyed”)

The Primary Account Number (PAN) is given by the card holder to the merchant.

Either the card is not present with the Merchant, or the Merchant does not have a card reader to “swipe” the card.

The account can be any card that has the PAN embossed or printed on the card but does not require a PIN.

Mandatory Input Parameters: PAN, ExpiryDate.

Optional Input Parameters: StartDate, CardSecurityCode.

Track2 (also known as “Card Present” or “Swiped”)

A card reader is available to “swipe” the cardholder’s card and read the Track2 from it.

The account can be any card that has a Track2 on the magnetic strip but does not require a PIN.

Mandatory Input Parameter: Track2

PIN (also known as “Card Present” with PIN or “Swiped” with PIN)

The account is a card that requires a PIN (eg debit card) and a card reader is available to “swipe” the cardholder’s card and read the Track2 from it.

A PED (PIN entry device) is available to securely capture the cardholders PIN and encrypt it.

See “PIN based transactions” (section Error: Reference source not found) for more details.