Receipt

A hard copy document that records when a transaction took place at the point of sale. The receipt contains a description of the transaction, which usually includes the date, the merchant name/location, a portion of the primary account number, the amount and the reference number. Since 2007, federal law has required that account numbers on credit and debit card receipts must be truncated — that is, not show more than the last five digits of the card number, and not show the card’s expiration date.