August 2, 2016

Ready for Card Numbers Starting With 2?

Ready for Card Numbers Starting With 2?

Starting next year, Mastercard will be rolling out new payment cards that begin with the number “2” (typically, they start with “5”).
This will create a new Bank Identification Number (BIN) range of 222100 – 272099 that merchants will need to accept. A BIN makes up the first six digits of a card number, and is used to identify the card brand (Visa, Mastercard, etc.) and card type (credit, debit, or gift card).

Mastercard will begin conducting field tests in June 2017 to verify that merchants are able to accept the new 2-series cards. Merchants who are found to be out of compliance could be fined up to $25,000 per month until they are able to accept these cards.

We’ve Got You Covered
But never fear! Merchants are Shift4’s priority, so we take changes like this seriously. Not only have we already made the necessary updates to have you ready to accept these new cards, but we’ve actually had you ready for almost a year!

We’ve seen several conflicting deadlines from Mastercard about when merchants actually need to be ready to support cards within the new BIN range, including October 2016, January 2017, and July 2017. We aimed for (and beat) the earliest deadline so that there is no confusion about whether or not you can accept the new cards.

What You Should Do Next
Even though we’ve made the proper updates, we still encourage you to check with your point of sale (POS) or property management system (PMS) provider as soon as you can to ensure that your POS/PMS software does not have any BIN restrictions. And, in the rare case that you have an internal software tool that reads BIN data before it is passed to Shift4 – such as loyalty programs – you should promptly confirm that your system is up to date and prepared to accommodate the new BIN range.

If you have any questions, please contact our 24/7/365 Customer Support team at 702.597.2480 (option 2) or email [email protected].