- DATE:
- AUTHOR:
- The Cotality Credit Team
Account Number Truncation Update
In a previous communication, we shared details about upcoming changes to how account numbers are displayed on credit reports.
Please note:
The truncation update applies to Revolving and Open account credit tradelines only.
Under the new format, only the last four digits of the account number will be displayed.
For clarity, there will no truncation applied to Mortgage or Installment tradelines. These account numbers will continue to appear exactly as provided credit bureaus, consistent with the current format. Please see the example below.
Account Type | Account Name | Account Number | Account Number format with current truncation settings | Account Number Format Post PCI Compliant Change | Impacted |
Revolving | XYX Credit Card | 1122334455667788 | 112233445566 | 7788 | Yes |
Open Account | American Express | 1122334455667788 | 112233445566 | 7788 | Yes |
Installment | XYZ CU Loan | 1122334455667 | 1122334455667 | 1122334455667 | No |
Mortgage | ABC Mortgage | 123455567778999 | 123455567778999 | 123455567778999 | No |
These updates are necessary to comply Payment Card Industry Data Security Standard (PCI DSS 4.0). Kindly let us know if you need additional time for implementation