What Is Card Number?
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What is card number on debit card?
Debit Cards and Credit Cards have become an integral way of life for customers today to make payments without the hassles of cash. It feels almost impossible in today’s world to survive without these modes of payment. We all use Debit or Credit Cards for a wide range of reasons, from swiping them at Point of Sales machines to shop from groceries to luxury items to paying utility bills, both forms of plastic money have a multitude of end-uses.
So, therefore, it’s not surprising when we hear that Debit Cards are one of the most popular ways to transact today. However, given the multiple modes of payment today, customers often get confused about what is meant by Debit Cards. So let us begin by understanding what the meaning of Debit Card is. What is a Debit Card? Debit Card allows customers to make payments which get directly deducted from the account on a single tap.
In terms of utility, it is the same as a Credit Card, meaning Debit Cards can be used in the same manner to make payments. However, in the case of Debit Cards, you use your own money, unlike borrowed funds in Credit Cards. With Debit Cards, you can access your account at various payment outlets across the country to pay for your purchases and to pay your bills online.
Therefore, it eliminates the need for carrying physical cash. You might be wondering then what is ATM Card and if it is different from Debit Cards, but they are the same thing. Since Debit Cards also offer a means to cash when needed, they are often referred to as ATM Cards. Most of the Debit Cards are associated with either a Visa or a Mastercard.
You will see a logo of either of these two major companies on your Debit Card. To make payments at the store, or to withdraw money, or to make other monetary payments, you will need to make an input of your Debit Card PIN either at the store, ATM or online.
You can read more about the difference between ATM Card and Debit Card here. What is Debit Card number? You must have noticed a 16-digit number on the front side of your Debit Card, This is known as the Debit Card number. This number is unique and primarily represents and identifies your Debit Card. The number constitutes of two parts, each having a significance of its own.
Here is a simple breakdown of the meaning of the Debit Card Number. The first six digits of the Debit Card number are the Issuer Identification Number, also referred to as the Bank Identification Number. These digits tell you the name of the company, i.e., Mastercard or Visa, which issued the card.
The next digits, i.e., Digits 7-16 are an indicator of your bank account details, i.e., the name of the bank who issued the card, the type of card issued and other unique identifies that point to your specific bank account. What is an ATM Number? A Debit Card number also contains an ATM Number, i.e., a 4-digit unique PIN, which you can use for validating and making ATM transactions.
The PIN is a secure 4-digit number that can be set by the customer and is used to identify the user as an authentic owner of the Debit Card before accessing such funds. On the issue of a Debit Card, banks allow customers to set this PIN to ensure that it is a number that can be easily recollected at any point in time.
Banks also enable seamless reset of this PIN in case the PIN is wrongly set up or forgotten for any reason. How Debit Cards work? When you use your Debit Card offline, you usually make the payment using a card machine. Payments using Debit Cards are very swift and convenient. Once the merchant inputs the amount, all you have to do is input your unique PIN to complete the transaction, and you will receive a notification of your completed payment.
Your bank processes the request made by the merchant using the Debit Card and releases the required amount. When you use your Debit Card online, you need to enter the 16-digit Debit Card Number, the expiry date, and the three-digit CVV number (found on the reverse side of the Debit Card) to make a purchase.
- Once the details are entered, there is an OTP triggered (One Time Password) to your registered mobile number which needs to be entered at the merchant’s site to complete the transaction.
- Now that you know the meaning of the Debit Card, its features, and how it works, you can now reap from its immense benefits by using it safely and securely.
In today’s economic juncture with a bright future for digital payments, it is imperative that customers understand plastic money such as Debit and Credit Cards prudently and use it optimally to gain maximum benefits from it. If you are looking to apply for an HDFC Bank Debit Card, new customers can get a new Debit Card through opening a new Savings Account while experiencing hassle-free banking with HDFC Bank.
What do you mean by card number?
Key points about: credit card numbers –
Though seemingly random, credit card number sequences can tell you a lot about the card’s use-cases. Considering card numbers means understanding what the first number, next set of 5 numbers, following set of 9-12 numbers, and the last number mean. The last number validates all of the card’s numbers during transactions.
A credit card number is the long set of digits displayed across the front or back of your plastic or metal credit card. It’s typically 16 digits in length, often appearing in sets of four, and it’s used to identify both the credit card issuer and the account holder.
How many digits is a card number?
What is a credit card security code? – A credit card security code is often called the CVV, which stands for Card Verification Value. Requiring a CVV when making purchases helps verify the credit card is in your possession. This extra barrier against fraud is necessary because unlike in-person transactions, you can’t be asked to produce a valid ID or to enter your card’s PIN when shopping remotely.
A CVV can be a three or four-digit number. For Visa, Mastercard and Discover cards, you’ll find the three-digit CVV code on the back of your card. The security code for American Express cards is located on the front and is four-digits long. Different payment networks call the CVV different names. It’s referred to as “CVV2” for Visa and “CVC” or “CVC2” for Mastercard.
Discover calls it “CVD” or “CID,” and American Express uses the term “CID” or “CSC.” What’s special about CVV is that retailers are not allowed to store them. So, even if hackers get a hold of your credit card number in a data breach, they won’t be able to use it for Internet or telephone purchases.
What is the difference between card number and account number?
Is my card number the same as my bank account number? – Maybe you’ve wondered whether your credit or debit card number is the same as your bank account number (wouldn’t that make life easier?). But no, your card number is different and unique. Although card payments are linked to a bank account, their numbers are different and independent of each other.
How is card number written?
Debit cards typically have 16-digit card numbers. The first four digits are typically the bank identification number (BIN) which identifies the issuing bank. The remaining numbers are typically the account number for the cardholder.
What is the card number and card code?
Location – The card security code is typically the last three or four digits printed, not embossed like the card number, on the signature strip on the back of the card. On American Express cards, however, the card security code is the four digits printed (not embossed) on the front towards the right. The card security code is not encoded on the magnetic stripe but is printed flat.
- American Express cards have a four-digit code printed on the front side of the card above the number.
- , Discover,, Mastercard, and Visa credit and debit cards have a three-digit card security code. The code is the final group of numbers printed on the back signature panel of the card.
- New North American Mastercard and Visa cards feature the code in a separate panel to the right of the signature strip. This has been done to prevent overwriting of the numbers by signing the card.
Do all debit cards have 16 digits?
Debit cards are issued to many checking and savings account owners, allowing them to access their funds and make purchases on the go. This card will come with its own unique 16 digits imprinted on the front or back.
Should I give out my 16 digit card number?
In general, it is safe to give out your credit card number online or by phone. Never give out your card number if: You have any doubts about the security of the transaction. You did not initiate the transaction.
Is card number 8 digit?
Impacts: Primary Account Number (PAN) – While ISO-compliant credit and debit card numbers can range from 8–19 digits, most credit and debit cards are issued with a sixteen-digit number. This sixteen-digit number is knowns as the primary account number (PAN), the number that identifies the cardholder and his account.
Fortunately, the length of the PANs will continue to be sixteen-digit after the mandate takes effect. Given that the PAN length remains, issuers do not have to reissue existing cards in the market. However, the sub-field used to identify the cardholder’s account for all new eight-digit BIN cards will be reduced by two digits.
These two digits will be added to the BIN’s sub-field, hence extending the BIN to eight-digit. Each sub-field is defined as follows:
Major Industry Identifier (MII): The first digit of the INN identifies the major industry of the issuer, ranging from 0 to 9. For example, the PAN with numbers beginning with “1” are issued by airlines, “4” allocated for the Visa network, and “5” for the Mastercard network. See the full list of MII, Bank Identification Number (BIN): Identifies the institution that issued the card. This institution is also known as the card issuer. For example, 407110 is a Visa BIN assigned to Wells Fargo Bank. Account Number: A number identifying the individual cardholder’s account. Validator Digit: Also known as Check Digit. A number based on the Luhn algorithm, that is used to check the validity of the card number. The validator digit can be positioned in any of the last four positions of the card number but is typically in the last position.
