All the layers styles are quite typical and don't have any complex settings.















Now, when we took care about border style let's take care about the center, circle area.

I will try to give as mush styles as possible to this one.

1- we have Emboss with the small amount of texture, you will hardly see it.







2- Cyan color overlay set to hard mix to maximize the contrast of the image.



3 – quite standard gradient overlay set to Luminosity.



4 – and of course the pattern set to Linear burn (&33% opacity)



Now I've remembered a very good and easy technique that can be applied to styled objects.

Choose Horizontal Type Mask Tool. But first I would like to create a curve line using pen tool.