Bank Identification Numbers (BINs), which are the first six digits of the account number, are fundamental to payments. MasterCard has received an additional range of 2-series numbers to add to their existing 5-series. Unitec will help you become ready to accept the 2-series numbers, scheduled to be issued starting in January 2017.
What does this mean for you?
Your payment system will likely need to be updated, should you choose to do so. Although MasterCard will not begin issuing 2-series numbers until 2017, we recommend that you take the appropriate course of action now to update your equipment, if necessary. If you choose not to update your equipment, you will not be able to accept any new MasterCard issued with a 2-series BIN number.
How do I learn more about MasterCard’s BIN Expansion?
To learn more, visit the MasterCard website.
What if I have questions for Unitec?
Unitec has increased our staff and trained our employees to assist you with this process. Our authorized Distributors and Manufacturers are prepared to assist you as well.
If you have specific questions, please contact us via email or phone at 443-561-1200 x 177.