Merchant Link MasterCard® 2-Series BIN Updates
Bank Identification Numbers (BINs), also called Issuer Identification Numbers (IIN), which are the first six digits of the account number, are fundamental to payments. They identify the issuing institution for the account and ensure that each transaction is routed correctly. MasterCard® has received an additional range of 2-series numbers to add to the 5-series that MasterCard® currently provides. The 2-series BINs operate in the same way as the 5-series and Merchant Link has made changes to its systems to accommodate the new numbers. Readiness for the 2-series across Merchant Link’s issuers, merchants, and other partners is tracking to target dates listed below. MasterCard® customer financial institutions can expect to be issued 2-series BINs starting in 2017 (physical cards in cardholders hands are not expected before June 2017, unless part of a specific pilot with MasterCard®, and are probably not likely to be in broad distribution before late 2017).How does the new 2 Series BIN work with Merchant Link Tokens?
The new MasterCard® 2-series BIN is being added to the existing Merchant Link MasterCard® token scheme and will look like any other MasterCard® token (unless the merchant has its own token scheme and requested something different).When is it happening? According to MasterCard®:
|Timing||Who's affected?||What's happening|
|By October 2016||Self-processing acquirers and issuers, and third-party processors||Host testing with MasterCard®|
|By October 2016||Acquirers, processors and issuers||Downstream ecosystem testing|
|October 2016||All ecosystem participants||Payments ecosystem 2-series readiness|
|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|
Who does it impact?
Anyone who processes MasterCard® transactions. Merchant Link is working to update our systems to ensure we are prepared for the new BIN range from MasterCard®. We expect to complete testing with all processors by January 2017. Point-of-Sale (POS), Property Management Systems (PMS), and websites integrated to the Merchant Link Payment Gateway™ need to be able to support the new 2-Series BIN Range. If not, the acquirer will be assessed a fee by MasterCard® which can be passed on to merchants.
Starting in 2017, merchants will need to validate to their acquirer that they can process the new 2-series MasterCard® BIN. Acquirers and ISOs that are moving ahead of the MasterCard® timeline understand they have to ensure that their entire customer base can support this feature to MasterCard® or penalties may be assessed by MasterCard®.
How does someone confirm whether or not they can support the new MasterCard® 2-series BINS?
The payment ecosystem, which includes POS, PMS, Payment Terminals, Gateway (Merchant Link), and Processors/Acquirers, each need to confirm support for this new BIN schema for their merchants. When the proper software, configuration, and setup is in place for all systems, a test card (available from MasterCard®) can be processed to validate that a transaction can be completed in a User Acceptance Testing environment. When testing systems for the 2-series BIN acceptance, payment ecosystem participants need to ensure all aspects of the customer experience and necessary reporting are validated to support the new 2 Series BIN. The impact of 2-series BIN may include use cases outside of the acceptance of a payment such as systems interfaced to or used with the POS / PMS and may include third party software purchased for reconciliation, PCI Scanning, email security, etc.
Where can I get more information or direct a merchant or integrator?
MasterCard® has a website geared for each segment of the payment ecosystem.
From the main page:
A merchant or integrator can scroll down the page to the tabs for Merchant and Service Providers and Vendors (among others) and click through for additional information.
Merchants and POS/PMS Vendors can order cards by emailing: firstname.lastname@example.org
The MasterCard® website includes checklists that may be helpful for merchants and integrators.
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