PAR Definition.

Payment Account Reference (EMVCo): a 29-character reference that links a PAN to all the tokens derived from it (wallet tokens, network tokens). It lets companies recognize the same card account across its different forms, for loyalty, fraud management, or reconciliation, without ever exposing the PAN. It cannot be used to initiate a payment.

See also

→ Network token→ DPAN→ Tokenization

Where this term appears

GuideThe four-party modelGuideThe role of banksGuideMerchant, acquirer, PSPGuidePayment schemesGuidePayment regulationGuideCentral banks and payment infrastructuresGuideFrench fintech: an overviewGuideAgents, distributors, and banking-as-a-service: who is liable for whatGuidePayments in GermanyGuidePayments in AustriaGuidePayments in the BalkansGuidePayments in the Baltics and Finland

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