Monday, March 20, 2017
Welcome to the NEW MasterCards: 2 Series BIN

It was bound to happen, the need for additional card numbers for the #2 card in the marketplace! Here are a few basic Questions and Answers regarding the new cards, the times frames and any penalties associated with not being able to accept the cards.

Cards with 2-series BINs started being issued earlier this year (2017).


Who's affected?

What's happening?

January 2017 and beyond

All ecosystem participants

Issuers may be assigned 2-series BINs

June 2017

All ecosystem participants

Merchant and ATM field testing and compliance program begins

How does this affect our merchants?
All merchant POS (Point of Sale) terminals must be ready to accept 2-series BIN payments before June 30, 2017. Non-compliant businesses risk facing fines of up to $25,000 per month.

What are BINs?
A: Bank Identification Numbers (BINs) are fundamental to payments. They identify the issuing institution for each cardholder account and enable transactions to be properly routed. BINs are currently the first six digits of the account number.

Since the 1960s, MasterCard has been closely identified with the 51-55 BIN range.

Q: What is MasterCard doing to alleviate the limited supply of BINs?
A: To expand supply, MasterCard is rolling out an additional 50,000 six-digit BINs (222100-272099). This will effectively double the existing supply of MasterCard BINs - allowing merchants to accept millions more transactions and our issuers to continue to support business growth.

The 2-series BINs adhere to the current (2015 revision) ISO industry standard and will work exactly the same way as the 5-series BINs do today.

Q: What other changes may impact BINs in the future?
A: The industry is considering a move to a new 8-digit BIN standard and is discussing an appropriate implementation date. If adopted, it would require more extensive systems planning and upgrades.

Q: What credit card machines will not be able to take the update?
A: At this time, ICT-220, Hypercom T7 series, T4220 series, all Nurits, Vx510s and vx570s

Mobile and Ecommerce Solutions:
Merchants will not have to do anything on their end on the Ecommerce solutions. On the mobile solutions, an update to their application would be required in order to accept the new Bin-2 Series.

Paytrace,,AprivaPay +, RoamPay, Phoneswipe are all updated and have been successfully tested.

MasterCard is working with a committed group of industry participants to ensure all voices are heard in establishing the most efficient standard for continued industry growth. Please feel free to call your team at TMC if you need further information! 1-888-249-9919

Kari Frabel 3/20/2017

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