PCI Exam CPSA Topic 2 Question 43 Discussion

A vendor receives cardholder information and keys from a bank. The vendor then performs the following:

* Uses its HSM to create keys

* Creates cardholder information specific to each cardholder, including name and PAN

* Formats the data for the hardware that will put it on a card

* Writes it to an encrypted file

Which of the following best describes this process?